Sunday, July 09, 2023

major grains-cadusd-trends-traded-targets-jul07/2023-fri.

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/DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: UP/CLOSE UP-ONSIDE TREND-SUPPORT ABOVE 490-LESS/MOMENTUM.
TARGETS: 535(513-490)468 COMMERCIALS-LESS SHORT NON COMM-LESS/LONG

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/2.146MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/UP
TRADED: MOVE/CLOSE DOWN-UPSIDE TREND-MID(1303-1339)-GAINED/MOMENTUM
TARGETS:(1267(1303-1339)1375-COMMS-LESS/SHORT NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/0.194MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST.DOWN VOLUME/UP
TRADED: MOVE/CLOSE DOWN-ONSIDE TREND-ABOVE 657-STEADY/MOMENTUM
TARGETS: 632(657-683)709-COMMERCIALS.LESS/LONG NON COMMERCIALS-LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/DOWN VOLUME/FLAT
TRADED: FLAT/CLOSE UP-ONSIDE TREND-SUPPORT@7501-GAINED/MOMENTUM.
TARGETS: 7415(7501-7588)7675-COMMERCIALS-FLAT/SHORT NON COMMS NOW LONG.

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