Monday, January 29, 2024

major grains-cadusd-trends-traded-targets-jan29/2024-mon.

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/DOWN(NEW) OPEN INTEREST-DOWN, VOLUME-FLAT.
TRADED: DOWN-ON TREND-NET SELLING-SUPPORT MID(RANGE)-STEADY-.
TARGETS: 471(448-427)406 COMS-LESS LONG. NONCOMS-FLAT SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/0.39MMT
TRENDS: PRICE/DOWN(NEW) OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: DOWN-UNDER TREND-TESTED SUPPORT MID(RANGE)-GAINED-.
TARGETS: 1271(1251-1216)1181.CMS-MORE LONG. NONCMS-MORE SHORT.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/1.83MMT..
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: DOWN-ON/UPSIDE TREND-SELLING-BELOW 594-LOST-.
TARGETS: 620(594-571)547 COMS-LESS LONG. NONCOMS-LESS SHORT..

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: FLAT-ABOVE TREND-RESISTANCE@HIGHS/7467-LOST-..
TARGETS: 7550(7415-7329)7245 CMS-LESS LONG. NCMS-LESS SHORT..

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