Tuesday, July 25, 2023

major grains-cadusd-trends-traded-targets-jul25/2023

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS
TRADED: MOVE-ACTIVITY-TRENDLINE-TARGET-MOMENTUM
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/17.82MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: FLAT/HIGHER ABOVE TREND-RESISTANCE MID(558-582)-LOST/MOMENTUM.
TARGETS: 535(558--582)606 COMMERCIALS LESS/LONG-NON COMMS MORE LONG. 

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/18.08MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: FLAT/HIGHER ABOVE TREND-RESISTANCE/MID(1412-1449)-LOST/MOMENTUM
TARGETS: 1375(1412-1475)1487-COMMS MORE/SHORT-NON COMMS MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.78MMT.
TRENDS: PRICE/REVISED UP(SHARP) OPEN INTEREST UP VOLUME/DOWN
TRADED: UP/ON UPSIDE TREND-TESTED/CLOSE BELOW 790-LOST/MOMENTUM.
TARGETS: 735(762-790)818-COMMERCIALS LESS/LONG-NON COMMERCIALS LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/UP VOLUME/DOWN
TRADED: UP/FLAT MOVE-ABOVE TREND-TESTED SUPPORT@7588-LOST/MOMENTUM.
TARGETS: 7501(7588-7675)7763 COMMERCIALS LESS/SHORT-NON COMMS LESS/LONG

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