Saturday, December 09, 2023

major grains-cadusd-trends-traded-targets-dec08/2023-fri.

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/MOVE FLAT OPEN INTEREST-DOWN. VOLUME/DOWN.
TRADED: FLAT-OFF TREND-RESISTANCE@498-NET SELLING-GAINED/MOMENTUM.
TARGETS: 455(476-498)520 COMMERCIALS-LESS/LONG. NON COMMS-LESS/SHORT.

SOYS (ZSF24)JAN: WORLD ENDING STOCKS-23/24-UP/12.29MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME/FLAT.
TRADED: UP-ON TREND-1329/RESISTANCE-NET SELLING-GAINED/MOMENTUM.
TARGETS: 1366(1329-1293)1252 COMMS-LESS/SHORT. NON COMMS-LESS/LONG.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/MOVE FLAT OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: FLAT-OFF TREND-644/RESISTANCE-NET SELLING-LOST/MOMENTUM.
TARGETS: 595(619-644)669 COMMERCIALS-LESS/LONG. NON COMMS-LESS/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/MOVE FLAT OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: FLAT-MID(7398-7313)/RESISTANCE-NET BUYING-GAINED/MOMENTUM.
TARGETS: 7484(7398-7313)7227 COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

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