Friday, December 15, 2023

major grains-cadusd-trends-traded-targets-dec15/2023-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/15.12MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: DOWN-ON TREND-MID(492-471)/RESISTANCE-NET BUYING-GAINED/MOMENTUM.
TARGETS: 515(492-471)448 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 MOVE ABOVE TREND-1324/SUPPORT-NET SELLING-LOST/MOMENTUM.
TARGETS: 1398(1361-1324)1287 COMMS-EVEN. NON COMMS-LESS LONG.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/DOWN(GRADUAL) OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: UP-ON TREND-TESTED 620/RESISTANCE-NET BUYING-GAINED/MOMENTUM.
TARGETS: 671(646-620)595 COMMS-LESS/LONG. NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/UP(SHARP) OPEN INTEREST-DOWN. VOLUME/DOWN.
TRADED: UP-BELOW TREND-TESTED 7484/RESISTANCE-NET BUYING-LOST/MOMENTUM.
TARGETS: 7227(7313-7484)7570 COMMS.LESS/LONG. NON COMMS-LESS/SHORT.

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