Saturday, December 10, 2022

major grains-cadusd-trends-trading-targets-dec09/2022-fri.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS; LINES JOINING DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN).
TRADED: MOVE-TREND LINE-TARGET-ACTIVITY-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZCK23/MAY: WORLD ENDING STOCKS-22/23-DOWN 869MMT 
TRENDS: PRICE: DOWN/LOWER-OPEN INTEREST: DOWN-VOLUME: FLAT.
TRADED: UP-MORE ABOVE TREND-RESISTANCE MID(659-633)-SELLING-LOST  MOMENTUM.
TARGETS: 685(659-633)608-COMMERCIAL LESS/SHORT-NONCOMMERCIAL LESS/LONG.

SOYS (ZSH23)/MAR: WORLD ENDING STOCKS-22/23-UP 712MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: DOWN (1765-780.4).
TRADED: FLAT-MOVE UP ABOVE TREND-RESISTANCE MID(1478-1516)-OFFSET-LOST MOMENTUM-.
TARGETS: (1440(1478-1516)1555-COMMERCIAL FLAT/SHORT-NONCOMM MORE/LONG.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 894MMT.
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP VOLUME: FLAT-(1363.4-386.4).  
TRADED: MOVE FLAT-BELOW TREND-TESTED/CLOSE BELOW 752-GAINED MOMENTUM.    
TARGETS: 780(752-725)698 COMMERCIAL MORE LONG-NONCOMMERCIAL-MORE SHORT.

DOLLAR (D6Z22)/DEC                  
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: FLAT-(8321-6820).
TRADED: MOVE FLAT-BELOW TREND-RESISTANCE@7351-NET SELLING-STEADY MOMENTUM.
TARGETS: 7437(7351-7265)7180-COMMECIAL MORE LONG-NON COMM-MORE SHORT.

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