Thursday, December 14, 2023

major grains-cadusd-trends-traded-targets-dec14/2023-thur.

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

CORN (ZWH24)MAR: WORLD ENDING STOCKS-23/24-UP/15.12MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-FLAT.
TRADED: FLAT-ON TREND-MID(492-471)/SUPPORT-NET SELLING-LOST/MOMENTUM.
TARGETS: 515(492-470)447 COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

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

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/DOWN(GRADUAL) OPEN INTEREST-DOWN. VOLUME/DOWN.
TRADED: FLAT-ABOVE TREND-620/RESISTANCE-NET BUYING-LOST/MOMENTUM.
TARGETS: 646(620-595)571 COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

DOLLAR (D6Z23)DEC:
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: UP-ABOVE TREND-7484/RESISTANCE-BUYING-FLAT/MOMENTUM.
TARGETS: 7313(7398-7484)7570 COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

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