Friday, January 12, 2024

major grains-cadusd-trends-traded-targets-jan12/2024-fri.

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/24.66MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: DOWN-ON TREND-NET SELLING-RESISTANCE@448-ACCELERATED.
TARGETS: 471(448-427)406 COMS-MORE LONG. NONCOMS-MORE SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-23/24-UP/12.73MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: DOWN-ON TREND-NET SELLING-SUPPORT@1216-ACCELERATED.
TARGETS: 1287(1291-1216)1188 COMS-MORE LONG. NONCOMS-MORE SHORT..

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.53MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: DOWN-ON TREND-NET SELLING-SUPPORT@594-ACCELERATED. 
TARGETS: 646(620-594)571 COMS-MORE LONG. NONCOMS-MORE SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: UP-OFF TREND-SELLING-RESISTANCE@7502-DECELERATED.
TARGETS: 7589(7502-7415)7329 COMS-LESS LONG. NONCOMS-LESS SHORT.

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