Monday, December 04, 2023

major grains-cadusd-trends-traded-targets-dec04/2023-mon.

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/15.77MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: FLAT-ON TREND-RESISTANCE MID(476-498)-NET BUYING-LOST/MOMENTUM.
TARGETS: 455(476-498)520 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

SOYS (ZSF24)JAN WORLD ENDING STOCKS-23/24-UP/14.20MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-FLAT.
TRADED: DOWN-ON TREND-RESISTANCE@1329-NET SELLING-GAINED/MOMENTUM.
TARGETS: 1366(1329-1293)1257 COMMERCIALS-LESS/SHORT. NON COMMS-LESS/LONG.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.42MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST-FLAT. VOLUME-UP.
TRADED: UP-ON TREND-TESTED RESISTANCE@619-BUYING-GAINED/MOMENTUM.
TARGETS: 571(595-619)644 COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: FLAT-ON TREND-RESISTANCE@7398-SELLING-LOST/MOMENTUM.
TARGETS: 7227(7313-7398)7464 COMMRCLS-LESS/LONG. NON COMMS-LESS/SHORT.

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