Monday, December 11, 2023

major grains-cadusd-trends-traded-targets-dec11/2023-mon.

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/15.12MMT.
TRENDS: PRICE/FLAT MOVE OPEN INTEREST-DOWN. VOLUME/DOWN.
TRADED: DOWN-SUPPORT/MID MOVE(492-471)-SELLING-LOST/MOMENTUM.
TARGETS: 515(492-471)446 COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

SOYS (ZSH24)MAR(NEW): WORLD ENDING STOCKS-23/24-UP/12.29MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: UP-ON TREND-RESISTANCE BELOW 1361-BUYING-LOST/MOMENTUM.
TARGETS: 1398(1361-1324)1287 COMMS-LESS SHORT. NON COMMS-LESS/LONG.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/DOWN(STEEP)(NEW) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: DOWN-ON TREND-MID(620-595)-SELLING-GAINED/MOMENTUM.
TARGETS: 646(620-595)571 COMMS-LESS/LONG NON COMMS-LESS/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/FLAT MOVE OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: UP-SUPPORT MID MOVE/(7313-7398)-NET BUYING-FLAT/MOMENTUM.
TARGETS: 7227(7318-7398)7484 (COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

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