Thursday, January 11, 2024

major grains-cadusd-trends-traded-targets-jan11/2024-thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS..
TRADED: MOVE-TREND-TRADED-TARGET-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-DOWN. VOLUME-DOWN.
TRADED: FLAT-ON TREND-OFFSET SELLING-RESISTANCE@471-LESS ACTIVE.
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(SHARP) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: DOWN-ON TREND-OFFSET SELLING-RESISTANCE@1251-MORE ACTIVE..
TARGETS: 1287(1251-1216)1181 COMS-MORE LONG. NONCOMS-MORE SHORT.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: FLAT-ON TREND-NET SELLING-SUPPORT@MID(RANGE)-MORE ACTIVE.
TARGETS: 646(620-594)571 COMS-MORE LONG. NONCOMS-MORE SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN VOLUME-UP.
TRADED: DOWN-ON TREND-NET SELLING-RESISTANCE@7502-MORE ACTIVE..
TARGETS: 7589(7502-7415)7329 CONS-LESS MLONG. NONCOMS-LESS SHORT..

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