Wednesday, January 17, 2024

major grains-cadusd-trends-traded-targets-jan17/2023-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/24.66MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-UP. VOLUME/UP.
TRADED: DOWN-BELOW TREND-RESISTANCE@448-OFFSET SELLING-LOST..
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-FLAT. VOLUME-DOWN.
TRADED: DOWN-BELOW TREND-TESTED RESISTANCE@1216-SELLING-GAINED.
TARGETS: 1251(1216-1181)1147 COMS-MORE LONG. NONCOMS-MORE SHORT.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.53MMT.
TRENDS: PRICE/DOWN (LESS)NEW OPEN INTEREST.UP. VOLUME-FLAT.
TRADED: FLAT-ON TREND-ABOVE 571-OFFSET SELLING-LOST MOMENTUM.
TARGETS: 620(594-571)547 COMS-MORT LONG. NONCOMS-MORE SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: DOWN-ON TREND-TESTED 7415-NET SELLING-LOST MOMENTUM..
TARGETS: 7502(7415-7329)7243 COMS-NOW SHORT. NONCOMS-LESS SHORT..

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