Wednesday, July 05, 2023

major grains-cadusd-trends-traded-targets-jul05/2023-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/1.643MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP-VOLUME/FLAT
TRADED: DOWN/CLOSE FLAT-OVERSOLD TREND-SUPPPORT@490-GAINED/MOMENTUM.
TARGETS: 468(490-513)536.COMMERCIALS.LESS/LONG-NON COMM.LESS/SHORT

SOYS (ZSX23NOV: WORLD ENDING STOCKS-23/24-UP/2.146MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/DOWN-VOLUME/DOWN
TRADED: DOWN/CLOSE FLAT-OVERBOUGHT TREND-ON SUPPORT@1339-LOST/MOMENTUM
TARGETS: 1303(1339-1375)1412-COMMERCIALS.MORE/SHORT-NON COMMS.MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/0.194MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST.FLAT-VOLUME/UP
TRADED: UP/CLOSE UP-MET RESISTANCE@TREND@MID(683-709)-LOST/MOMENTUM
TARGETS: 657(683-709)785-COMMERCIALS.LESS/LONG-NON COMMERCIALS.LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/DOWN VOLUME/UP
TRADED: UP/CLOSE UP-OVERBOUGHT TREND-MET RESISTANCE@7588-LOST/MOMENTUM.
TARGETS: 7415(7501-7588)7675-COMMERCIALS.NOW SHORT-NON COMMS.LESS/SHORT.

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