Thursday, December 21, 2023

major grains-cadusd-trends-traded-targets-dec21/2023-thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: MOVEMENT-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-DOWN.
TRADED: FLAT-ON TREND-TESTED SUPPORT@471-BUYING-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) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: DOWN-BELOW TREND/MID(1324-1287)-SELLING-GAINED/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/(MODERATE) OPEN INTEREST-DOWN. VOLUME/DOWN.
TRADED: FLAT-BELOW TREND/RESISTANCE@620-SELLING-LOST/MOMENTUM.
TARGETS: 646(620-595)571 COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/UP(SHARP)) OPEN INTEREST-UP. VOLUME-FLAT.
TRADED: UP-OFF TREND-NEAR//BELOW 7553-BUYING-GAINED/MOMENTUM.
TARGETS: 7381(7467-7553)7640 COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

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