Wednesday, January 24, 2024

major grains-cadusd-trends-traded-targets-jan24/2024-wed.

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

CORN (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN/UP10.00MMT.
TRENDS: PRICE/UP(NEW) OPEN INTEREST-UP. VOLUME-UP.
TRADED: UP-ON TREND-BUYING-DOWNSIDE/455-STEADY MOMENTUM.
TARGETS: 413(434-455)476 COMS-MORE LONG. NONCOMS-MORE SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/0.39MMT.
TRENDS: PRICE/UP(NEW STEEP OPEN INTEREST-UP. VOLUME-UP.
TRADED: UP-ABOVE TREND-ON SUPPORT@1236-LOST MOMENTUM.
TARGETS: 1201(1236-1271)1307 CMS-MORE LONG NCMS-MORE SHORT.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/1.83MMT.
TRENDS: PRICE/DOWN OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: FLAT-ABOVE TREND-BUYING-UPSIDE 594-LOST MOMENTUM..
TARGETS: 646(594-571)547 COMS-MORE LONG. NON COMS-MORE SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: FLAT-ON TREND-NET SELLING-SUPPORT@7415-(+)MOMENTUM.
TARGETS: 7589(7502-7415)7329 CMS-MORE LONG.NCOMS-MORE SHORT.

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