Thursday, December 28, 2023

major grains-cadusd-trends-traded-targets-dec28/2023-thur.

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(LESS) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: FLAT-ABOVE TREND-SUPPORT@471-NET SELLING-LESS FORCE.
TARGETS: 515(492-471)446 COMMS(+)/LONG. NON COMMS(+)/SHORT.

SOYS (ZSH23)MAR: WORLD ENDING STOCKS-23/24-UP/12.29MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-UP. VOLUME-FLAT.
TRADED: UP-ON TREND-RESISTANCE@1324-NET SELLING-MORE FORCE.
TARGETS: 1361(1324-1287)1251 COMMS-LONG. NON COMMS-LESS/LONG.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/DOWN-NEW OPEN INTEREST-DOWN. VOLUME-DOWN
TRADED: FLAT-BELOW TREND-SUPPORT@620-NET BUYING-LESS FORCE.
TARGETS: 671(646-620)595 COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/UP(LESS) OPEN INTEREST-UP. VOLUME-FLAT.
TRADED: FLAT-ON TREND-SUPPORT@1553-NET SELLING-LESS FORCE..
TARGETS: 7727(7690-7553)7467 COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

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