Friday, December 16, 2022

major grains-cadusd-trends-trading-targets-dec16/2022-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-OPEN INTEREST: FLAT-VOLUME DOWN.
TRADED: UP-UP DAY-ON TREND-BELOW 659-CLOSE FLAT/OFFSET-LOST MOMENTUM.
TARGETS: 685(659-633)608-COMMERCIAL MORE/SHORT-NONCOMMERIAL MORE/LONG.

SOYS (ZSH23)/MAR: WORLD ENDING STOCKS-22/23-UP 712MMT 
TRENDS: PRICE: UP-OPEN INTEREST: FLAT-VOLUME: DOWN (1765-780.4).
TRADED: FLAT-MOVE FLAT-ABOVE TREND-ON 1469-CLOSE UP- GAINED MOMENTUM.
TARGETS: (1440(1478-1516)1555-COMMERCIAL MORE/SHORT-NONCOMM MORE/LONG.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 894MMT.
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: FLAT VOLUME: FLAT-(1363.4-386.4).  
TRADED: FLAT-MOVE UP-ABOVE TREND/759-NET SELLING-LOST 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/LOWER DISTINCT HIGH-ABOVE 7311-LOST MOMENTUM.
TARGETS: 7484(7397-7311)7225-COMMECIAL MORE LONG-NON COMM-MORE SHORT.

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