Wednesday, December 27, 2023

major grains-cadusd-trends-traded-targets-dec27/2023-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 OPEN INTEREST-DOWN. VOLUME/DOWN.
TRADED: FLAT-ABOVE TREND/SUPPORT@471-NET SELLING-(-)MOMENTUM.
TARGETS: 515(492-492)471.COMM-MORE/LONG. NON COMM-MORE/SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-23/24-UP/12.29MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-DOWN, VOLUME/FLAT.
TRADED:UP-ON TREND-RESISTANCE@1324-NET BUYING-(=)MOMENTUM.
TARGETS: 1361(1324-1287)1251 COMM-NOW LONG. NON COMM-LESS/LONG.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: FLAT-ON TREND-SUPPORT@619-SELLING-(-)MOMENTUM.
TARGETS: 595(619-644)669 COMM-LESS-LONG. NON COMM-LESS/SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/UP(LESS) OPEN INTEREST-UP. VOLUME-UP.
TRADED: UP-ON TRENDSUPPORT@7553-NET SELLING-(-)MOMENTUM.
TARGETS: 7467(7553-7640)7727 COMM-LESS/LONG. NON COMM-FLAT/SHORT.

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