Wednesday, December 20, 2023

major grains-cadusd-trends-traded-targets-dec20/2023-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 (ZWH24)MAR: WORLD ENDING STOCKS-23/24-UP/15.12MMT.
TRENDS: PRICE/DOWN(MODERATE)) OPEN INTEREST-UP. VOLUME/UP.
TRADED: DOWN-ON TREND-BELOW 471-NET SELLING-FLAT/MOMENTUM.
TARGETS: 492(471-446)427 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: DOWN-BELOW TREND/1324-NET SELLING-LOST/MOMENTUM.
TARGETS: 1361(1324-1287)1251 COMMS-EVEN. NON COMMS-LESS/LONG.

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

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/UP(SHARP) OPEN INTEREST-UP. VOLUME-UP.
TRADED: UP-BELOW TREND-UPSIDE 7467-NET SELLING-LOST/MOMENTUM.
TARGETS: 7381(7467-7553)7690 COMMS-LESS/LONG. NON COMMS.FLAT/SHORT.

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