Friday, December 22, 2023

major grains-cadusd-trends-traded-targets-dec26/2023-tues.

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

CORN (ZWH24)MAR: WORLD ENDING STOCKS-23/24-UP/15.12MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-DOWN VOLUME-UP.
TRADED: UP-ABOVE TREND-MET RESISTANCE MID(492-471)-NET BUYING-GAINED MOMENTUM.
TARGETS: 515(492-471)446 COMMERCIALS-MORE/LONG. NON COMMERCIALS-MORE/SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-23/24-UP/12.29MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-UP. VOLUME/DOWN.
TRADED: UP-ON TREND-MET RESISTANCE BELOW 1324-BUYING-GAINED MOMENTUM.
TARGETS: 1361(1324-1287)1251 COMMERCIALS-NOW LONG. NON COMERCIALSS-LESS LONG.

WHEAT (ZWH24)MAR: WORLD END STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/UP(NEW) OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: UP-ON TREND-MET RESISTANCE BELOW 644-NET BUYING-GAINED MOMENTUM.
TARGETS: 595(619-644)669 COMMERCIALS-LESS/LONG. NON COMMERCIALS-LESS/SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/UP(SHARP) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: UP-OFF TREND-MET/CLOSE ABOVE RESISTANCE@7553-BUYING-GAINED MOMENTUM.
TARGETS: 77467(7553-7640)7727 COMMERCIALS-LESS/LONG. NON COMERCIALS-LESS/SHORT.

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