Tuesday, January 17, 2023

major grains-cadusd-trendlines-trading-targets-jan17/2023-tues.

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 953MMT 
TRENDS: PRICE: UP-OPEN INTEREST:UP-VOLUME-FLAT.
TRADE: UPSIDE CONVERGING TRENDLINES/665-CLOSE UP-GAINED MOMENTUM.
TARGETS: 614(640-665)691-COMMERCIAL LESS/SHORT-NONCOMMERIAL LESS/LONG.

SOYS (ZSH23)/MAR: WORLD ENDING STOCKS-22/23-DOWN 530MMT 
TRENDS: PRICE: UP/LESS-OPEN INTEREST: UP-VOLUME: UP-(1765-780.4).
TRADED: UP/STEEP-ABOVE TRENDLINE/1516-CLOSE UP-GAINED MOMENTUM.
TARGETS: (1440(1478-1516)1555-COMMERCIAL LESS/SHORT-NONCOMM LESS/LONG.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 848MMT.
TRENDS: PRICE: UP/LESS-OPEN INTEREST: FLAT VOLUME: FLAT-(1363.4-386.4).  
TRADED: UP-SUPPORT@739-BELOW TRENDLINE-0CLOSE UP-GAINED MOMENTUM.    
TARGETS: 712(739-766)794 COMMERCIAL MORE LONG-NONCOMMERCIAL-MORE SHORT.

DOLLAR (D6H23)/MAR                  
TRENDS: PRICE: FLAT CONSOLIDATION-OPEN INTEREST: DOWN-VOLUME: UP-(8321-6820).
TRADED: FLAT-MORE RESISTANCE@CHANNEL TOP/7484-CLOSE FLAT-LOST MOMENTUM.
TARGETS: 7571(7484-7397)7311-COMMECIAL MORE LONG-NON COMM-MORE SHORT

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