Thursday, January 25, 2024

major grains-cadusd-trends-traded-targets-jan25/2024-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-DEC/JAN-UP/10.00MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-UP. VOLUME-FLAT.
TRADED: UP-ON TREND-NET SELLING-DOWNSIDE 455-LOST MOMENTUM.
TARGETS: 413(434-455)476 COMS-MORE LONG. NONCOMS-MORE SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/0.39/MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST-UP. VOLUME-UP.
TRADED: DOWN-ON TREND-NET SELLING-FULL(RANGE)-(+)MOMENTUM.
TARGETS: 1166(1201-1236)1271 CMS-MORE LONG. NCOMS-MORE SHORT. .

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/1.83MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME-FLAT.
TRADED: UP/FLAT-ABOVE TREND-OFFSET-BELOW 640-LOST MOMENTUM.
TARGETS: 646(620-594)571 +COMS-MORE LONG. NONCOMS-MORE SHORT..

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: DOWN-DOWNSIDE TREND-BUYING-TESTED 7415-(-)MOMENTUM..
TARGETS: 7589(7502-7415)7329 CMS-NOW LONG-NCMS-MORE SHORT.

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