Friday, December 02, 2022

major grains-cadusd-trends-trading-targets-dec02/2022-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-21/22-UP 1468MMT 
TRENDS: PRICE: DOWN-OPEN INT: UP-VOL: UP
TRADED: LOWER OVERSOLD TREND/659/FIRM SUPPORT-GAINED MOMENTUM.
TARGETS: 685(659-633)608-COMMERCIAL MORE/SHORT-NONCOMMERCIAL MORE/LONG.

SOYS (ZSH23)/MAR: WORLD ENDING STOCKS-21/22-DOWN 536MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME: DOWN (1765-780.4).
TRADED: SIDEWAYS BELOW TREND-ON 1431/SUPPORT-NET BUYING-LOST MOMENTUM...
TARGETS: (1508(1469-1431)1393-COMMERCIAL MORE/SHORT-NONCOMM MORE/LONG.

WHEAT (ZWH23)/MAY: WORLD ENDING STOCKS-21/22-DOWN 1434MMT.
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: UP VOLUME: UP-(1363.4-386.4).  
TRADED: LOWER-DOWNSIDE TREND-TESTED/CLOSE BELOW 780-LOST MOMENTUM.    
TARGETS: 808(780-752)725 COMMERCIAL MORE LONG-NONCOMMERCIAL-MORE SHORT.

DOLLAR (D6Z22)/DEC                  
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME-DOWN-(8321-6820).
TRADED: LOWER-BELOW TREND-MID(7437-7351)-NET BUYING-GAINED MOMENTUM.
TARGETS: 7521(7437-7351)7265-COMMECIAL FLAT LONG-NON COMM-MORE SHORT.

No comments:

Google+