Wednesday, July 26, 2023

major grains-cadusd-trends-traded-targets-jul26/2023-wed

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/DOWN VOLUME/DOWN
TRADED: DOWN-SUPPORT ABOVE TREND-MID(535-558)-GAINED/MOMENTUM.
TARGETS: 513(535-58)582 COMMERCIALS LESS/LONG-NON COMM MORE/LONG

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/18.08MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/UP
TRADED: FLAT MOVE-CLOSER ABOVE TREND-SUPPORT@1412-LOST/MOMENTUM
TARGETS: 1375(1412-1449)1467-COMMS MORE/SHORT-NON COMMS MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.78MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/FLAT
TRADED: DOWN-TESTED/CLOSE BELOW TREND/762-GAINED/MOMENTUM
TARGETS: 709(735-762)790-COMMERCIALS LESS/LONG-NON COMMS LESS/SHORT.

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/FLAT VOLUME/UP.
TRADED: DOWN/ABOVE TREND-TESTED RESISTANCE@7588-GAINED/MOMENTUM.
TARGETS: 77415(7501-7588)7675-COMMERCIALS LESS/SHORT NON COMMS LESS/LONG.

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