Sunday, December 03, 2023

major grains-cadusd-trends-traded-targets-dec01/2023-fri.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: MOVE-TRENDLINE-TARGET-ACTIVITY-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZWH24)MAR: WORLD ENDING STOCKS-23/24-UP/15.77MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: UP-ON TREND-ABOVE SUPPORT@476-NET BUYING-GAINED/MOMENTUM.
TARGETS: 455(476-498)520.COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

SOYS (ZSF24)JAN: WORLD ENDING STOCKS-23/24-UP/14.20MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: DOWN-ON TREND-BELOW SUPPORT@1328-SELLING-GAINED/MOMENTUM.
TARGETS: 1365(1328-1291)1255 COMMS-LESS/SHORT. NON COMMS-LESS/LONG.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.42MMT.
TRENDS: PRICE/DOWN(GRADUAL) OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: UP-RESISTANCE@TREND-MID(620-595)-NET BUYING-GAINED/MOMENTUM.
TARGETS: 646(620-595)571 COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: UP-ON TREND-MET/RESISTANCE@7398-BUYING-GAINED/MOMENTUM.
TARGETS: 7227(7313-7398)7484-COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

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