Thursday, July 27, 2023

major grains-cadusd-trends-traded-targets-jul27/2023-thur.

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/DOWN(SHARP)NEW OPEN INTEREST/UP VOLUME/DOWN
TRADED: DOWN/ON TREND DOWN-MID(560-536)-CLOSE DOWN-LOST/MOMENTUM.
TARGETS: 584(560-536)513 COMMERCIALS MORE/SHORT-NON COMMS MORE LONG.

SOYS (ZSX23NOV: WORLD ENDING STOCKS-23/24-UP/18.08MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: DOWN-ON TREND/SUPPORT-MID(1375-1412)-GAINED/MOMENTUM
TARGETS:(1339(1375-1412)1449-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/DOWN
TRADED: FLAT/ON DOWNSIDE TREND/SUPPORT@735-LOST/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: MOVE FLAT-ABOVE TREND-CLOSE BELOW 7588-GAINED/MOMENTUM.
TARGETS: 7414(7501-7588)7675-COMMERCIALS LESS/SHORT NON COMMS LESS/LONG.

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