Thursday, January 26, 2023

major grains-cadusd-trends-trading-targets-jan26/2023-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-22/23-DOWN 953MMT 
TRENDS: PRICE: UP-OPEN INTEREST:UP-VOLUME-UP.
TRADED: ON TRENDLINE-MID(6655-691)-CLOSE UP-GAINED MOMENTUM.
TARGETS: 640(665-691)715-COMMERCIAL LESS/SHORT-NONCOMMERIAL LESS/LONG.

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

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

DOLLAR (D6H23)/MAR                  
TRENDS: PRICE: FLAT CONSOLIDATION-OPEN INTEREST: UP-VOLUME: UP-(8321-6820).
TRADED: TESTED TOP OF CHANNEL-ABOVE 7487-CLOSE UP-GAINED MOMENTUM.
TARGETS: 7571(7487-7397)7311-COMMECIAL MORE LONG-NON COMM-MORE SHORT

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