Monday, January 09, 2023

major grains-cadusd-trends-trading-targets-jan09/2023-mon.

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:UP-VOLUME: DOWN.
TRADE: FLAT-BELOW TREND/665-NET SELLING-CLOSE DOWN-LOST 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: UP-ABOVE TREND-MID(1478-1516)-NET SELLING-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-BELOW TREND/766-NET SELLING-LOST 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: STEEP MOVE UP-ABOVE TREND-RESISTANCE/CLOSE@7484-LOST MOMENTUM.
TARGETS: 7571(7484-7397)7311-COMMECIAL LESS LONG-NON COMM-LESS SHORT

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