Thursday, December 07, 2023

major grains-cadusd-trends-traded-targets-dec07/2023-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 (ZWZ24)MAR: WORLD ENDING STOCKS-23/24-UP/15.77MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST-DOWN. VOLUME/FLAT.
TRADED: DOWN-OFF TREND-SUPPORT MID(476-498)-BUYING-GAINING/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(GRADUAL) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: FLAT-ON/RESISTANCE@TREND-NET BUYING-GAINED/MOMENTUM.
TARGETS: 1257(1293-1329)1366 COMMERCIALS-LESS/SHORT. NON COMMS-LESS/LONG.

WHEAT (ZWZ24)DEC: WORLD ENDING STOCKS-23/24-DOWN/11.42MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST-DOWN. VOLUME/FLAT.
TRADED: DOWN-OFF TREND-RESISTANCE@644-NET BUYING-FLAT/MOMENTUM.
TARGETS: 595(619-644)669 COMMERCIALS-MORE/LONG. NON COMMS.MORE/SHORT.

DOLLAR (D6Z23)/DEC:-
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: MOVE DOWN BELOW TREND-ABOVE 7313-OFFSET-LOST/MOMENTUM.
TARGETS: 7227(7313-7398)7484 COMMERCIALS-LESS/LONG. NON COMMS-LESS/SHORT.

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