Wednesday, December 28, 2022

major grains-cadusd-trends-trading-targets-dec28/2022-wed.

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: UP-OPEN INTEREST: DOWN-VOLUME UP.
TRADED: UP-ON TREND-MET RESISTANCE MID(665-691)-BUYING-GAINED-MOMENTUM.
TARGETS: 640(665-691)715-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: FLAT-ABOVE TREND-TESTED RESISTANCE@1516-BUYING-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: UP/STEEP-OPEN INTEREST: UP VOLUME: UP-(1363.4-386.4).  
TRADED: UP-ON TREND-MET RESISTANCE@794-BUYING-STEADY MOMENTUM.    
TARGETS: 739(766-794)829 COMMERCIAL LESS LONG-NONCOMMERCIAL-LESS SHORT.

DOLLAR (D6H23)/MAR                  
TRENDS: PRICE: DOWN-OPEN INTEREST: FLAT-VOLUME: UP-(8321-6820).
TRADED: DOWN-ON TREND-TESTED RESISTANCE@7397-SELLING-GAINED MOMENTUM.
TARGETS: 7484(7397-7311)7225-COMMECIAL LESS LONG-NON COMM-LESS SHORT.

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