Wednesday, December 13, 2023

major grains-cadusd-trends-traded-targets-dec13/2023-wed.

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 (ZWZ24)MAR: WORLD ENDING STOCKS-23/24-UP/15.77MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: DOWN-ON TREND-LOW/(492-471)-NET SELLING-FLAT/MOMENTUM.
TARGETS: 515(492-471)446 COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-23/24-UP/12.29MMT.
TRENDS: PRICE/DOWN(STEEP) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: DOWN-ON TREND-1324/SUPPORT-NET SELLING-FLAT/MOMENTUM.
TARGETS: 1398(1361-1324)1287 COMMS-EVEN. NON COMMS-FLAT/LONG.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/DOWN(GRADUAL) OPEN INTEREST-DOWN. VOLUME-UP.
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 OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: UP-ON TREND-7398/RESISTANCE-BUYING-GAINED/MOMENTUM.
TARGETS: 7227(7313-7398)7484-COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

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