Wednesday, April 12, 2023

major grains-cadusd-trends-traded-targets-apr12/2023-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 (ZCN23/JUL: WORLD ENDING STOCKS-22/23-DOWN 11.06MMT +
TRENDS: price/up-revised-open interest/up-volume/down.
TRADED: FLAT-OFFSET BUYING-ABOVE TREND-RESISTANCE@631-LOST 
MOMENTUM.
TARGETS: 582(606-631)656-COMMERCIALS/MORE SHORT-NON COMMERCIALS/MORE LONG

SOYS (ZSN23)/JUL: WORLD ENDING STOCKS-22/23-UP 0.56MMT 
TRENDS: PRICE/DOWN-(STEEP)-OPEN INTEREST/UP-VOLUME/DOWN
TRADED: FLAT-OFFSET BUYING-OFF TREND-ABOVE 1458-LOST MOMENTUM.
TARGETS:(1420 (1458-1497))1537-COMMERCIALS/MORE SHORT-NON COMMS/MORE LONG.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 2.04MMT.
TRENDS: PRICE/DOWN(SHARP)-OPEN INTEREST/DOWN-VOLUME/FLAT-(1363.4-386.4).  
traded: flat-net buying-downside trend-above 670-lost momentum.    
TARGETS: 724(697-670)644-COMMERCIALS/LESS LONG-NON COMMERCIALS-MORE SHORT

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE/UP-OPEN INTEREST/UP-VOLUME/UP.
TRADED: UP-BUYING-ON TREND-MID(7395-7481)-STEADY MOMENTUM.
TARGETS: 7311(7392-7482)7568`-COMMERCIALS-LESS LONG  NON COMMERCIALS-MORE SHORT.

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