Friday, January 19, 2024

major grains-cadusd-trends-traded-targets-jan19/2024-fri.

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

CORN (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/10.00MMT.
TRENDS: PRICE/DOWN OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: UP-ON TREND-OFFSET BUYING-RESISTANCE@448-LOST MOM..
TARGETS: 471(448-427)406 COMS-MORE LONG. NONCOMS-MORE SHORT.

SOYS (ZSH24)MAR:
WORLD ENDING STOCKS-DEC/JAN-UP/0.39MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-DOWN. VOLUME/DOWN.
TRADED: UP-UNDER TREND-SELLING-SUPPORT@1216-GAINED MOM.
TARGETS: 1287(1251-1216)1181 COMS-MORE LONG. NONCOMS-MORE SHORT.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP1,83MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-UP. VOLUME/DOWN.
TRADED: UP-ON TREND-NET BUYING-RESISTANCE@594-MOM STEADY.
TARGETS: 620(594-547)524 COMS-MORE LONG. NONCOMS-MORE SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: UP-UPSIDE TREND-BUYING-SUPPORT@7415-GAINED MOM...
TARGETS: 7589(7502-7415)7329 COMS-NOW LONG. NONCOMS-MORE SHORT.

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