Thursday, July 06, 2023

major grains-cadusd-trends-traded-targets-jul06/2023-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 (ZWZ23DEC: WORLD ENDING STOCKS-23/24-UP/1.643MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: UP/BUYING-ON/DOWNSIDE TREND-BELOW 513-LOST/MOMENTUM.
TARGETS: 536(513-490)468.COMMERCIALS.LESS/SHORT-NON COMMS.LESS/LONG

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/2.146MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: FLAT/SELLING-ABOVE TREND-RESISTANCE MID(1339-1375)-LOST/MOMENTUM.
TARGETS:1303(1339-1375)1412-COMMS.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/DOWN
TRADED: FLAT/NET SELLING-UPSIDE TREND-SUPPORT/MID(657-683)-LOST/MOMENTUM
TARGETS: 632(657-683)709-COMMERCIALS.LESS/LONG-NON COMMERCIALS.LESS/SHORT

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

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