Wednesday, January 10, 2024

major grains-cadusd-trends-traded-targets-jan10/2024-wed.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: MOVE-TREND-TARGET-TRADING-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZWH24)MAR: WORLD ENDING STOCKS-23/24-UP/15.12MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-UP. VOLUME/DOWN.
TRADED: UP-ON TREND-RESISTANCE(MID RANGE)-OFFSET BUYING-QUIET.
TARGETS: 492(471-448)427 COMS-MORE LONG. NONCOMS-MORE SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-23/24-UP/12.29MMT.
TRENDS: PRICE/DOWN(MORE) OPEN INTEREST-DOWN. VOLUME/DOWN.
TRADED: FLAT-ON TREND-SUPPORT(MID RANGE)-SELLING-QUIET.
TARGETS: 1287(1251-1216)1181 COMS-MORE LONG. NON COMS-MORE SHORT. .

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: FLAT-UNDER TREND-SUPPORT(MID RANGE)-OFFSET BUYING-QUIET.
TARGETS: 646(620-594)571- COMD-MORE LONG. NONCOMS-MORE SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: FLAT-ON TREND-RESISTANCE BELOW 7502-BUYING-QUIET.
TARGETS: 7589(7502-7415)7329 COMS-LESS LONG. NONCOMS-LESS SHORT.

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