Tuesday, December 19, 2023

major grains-cadusd-trends-traded-targets-dec19/2023-tues.

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-FLAT.
TRADED: DOWN-ON TREND-MET RESISTANCE@471-SELLING-LOST/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(SHARP)
NEW OPEN INTEREST-UP. VOLUME-UP.
TRADED: FLAT-ON TREND-MET SUPPORT@1324-SELLING-FLAT/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(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN
TRADED: BELOW TREND/SUPPORT@620-NET SELLING-LOST/MOMENTUM.
TARGETS: 646(620-595)571 COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

DOLLAR (D6H24)MAR:
TRENDS: PRICE/UP(STEEP)NEW OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: UP-ON TREND-TESTED SUPPORT@7467-BUYING-FLAT/MOMENTUM.
TARGETS: 7381(7467-7553)7640 COMMS-LESS/LONG. NON COMMS-FLAT/SHORT.

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