Thursday, December 15, 2022

major grains-cadusd-trends-trading-targets-dec15/2022-thur.

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-OPEN INTEREST: DOWN-VOLUME DOWN.
TRADED: MOVE UP-TREND/LOWS AS RESISTANCE-BELOW 659-LOST MOMENTUM.
TARGETS: 685(659-633)608-COMMERCIAL LESS/SHORT-NONCOMMERIAL LESS/LONG.

SOYS (ZSH23)/MAR: WORLD ENDING STOCKS-22/23-UP 712MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: DOWN (1765-780.4).
TRADED: MOVE FLAT-ABOVE TREND-TESTED 1478 AS SUPPORT-STEADY 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: UP-ON TREND-752 AS SUPPORT-NET BUYING-GAINED MOMENTUM.    
TARGETS: 808(780-752)725 COMMERCIAL MORE LONG-NONCOMMERCIAL-MORE SHORT.

DOLLAR (D6H23)/MAR-NEW                  
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: UP-(8321-6820).
TRADED: DOWN-BELOW TREND-OUT OF FLAT MOVE-SUPPORT@7311-GAINED MOMENTUM.
TARGETS: 7484(7397-7311)7225-COMMECIAL MORE LONG-NON COMM-MORE SHORT.

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