Thursday, December 08, 2022

major grains-cadusd-trends-trading-targets-dec08/2022-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-21/22-UP 1468MMT 
TRENDS: PRICE: DOWN/LOWER-OPEN INTEREST: DOWN-VOLUME: DOWN.
TRADED: FLAT ABOVE TREND/633-MET RESISTANCE-NET SELLING-LOST MOMENTUM.
TARGETS: 685(659-633)608-COMMERCIAL MORE/SHORT-NONCOMMERCIAL MORE/LONG.

SOYS (ZSH23)/MAR: WORLD ENDING STOCKS-21/22-DOWN 536MMT 
TRENDS: PRICE: UP/NEW-OPEN INTEREST: UP-VOLUME: DOWN (1765-780.4).
TRADED: MOVE UP-TREND UP-RESISTTANCE MID(1478-1516)-GIANED MOMENTUM.
TARGETS: (1440(1478-1516)1555-COMMERCIAL MORE/SHORT-NONCOMM MORE/LONG.

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

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

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