Wednesday, January 04, 2023

major grains-cadusd-trends-trading-targets-jan04/2023-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/LESS-OPEN INTEREST:UP-VOLUME: UP.
TRADED: DOWN/STEEP-TESTED/CLOSE DOWN-BELOW TREND/665-GAINED MOMENTUM.
TARGETS: 614(640-665)691-COMMERCIAL MORE/SHORT-NONCOMMERIAL MORE/LONG.

SOYS (ZSH23)/MAR: WORLD ENDING STOCKS-22/23-UP 712MMT 
TRENDS: PRICE: UP/LESS-OPEN INTEREST: UP-VOLUME: DOWN-(1765-780.4).
TRADED: DOWN/STEEP-ABOVE TREND-SUPPORT- UPSIDE 1478-LOST 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/LESS-OPEN INTEREST: DOWN VOLUME:UP-(1363.4-386.4).  
TRADED: DOWN/STEEP-CLOSE BELOW TREND/MID(739-766)-GAINED MOMENTUM.    
TARGETS: 712(739-766)794 COMMERCIAL LESS LONG-NONCOMMERCIAL-LESS SHORT.

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

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