Wednesday, January 03, 2024

major grains-cadusd-trends-traded-targets-jan03/2024-wed.

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

CORN (ZWH24)MAR: WORLD ENDING STOCKS-23/24-UP/15.12MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: LOWER-ON TREND-SUPPORT MID(471-448)-BUYING-QUIET.
TARGETS: 492(471-448)446 CMS-MORE/LONG. NCMS FLAT/SHORT.

SOYS (ZSH24)MAR: WORLDENDING STOCKS-23/24-UP/12.29MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-UP. VOLUME/DOWN.
TRADED: FLAT-BELOW TREND-MID(1287-1251)-NET BUYING-QUIET.
TARGETS: 1324(1287-1251)1216 CMS-MORE/LONG. NCMS-MORE SHORT.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-UP. VOLUME-FLAT.
TRADED: LOWER-BELOW TREND-SUPPORT@595-SELLING-QUIET.
TARGETS: 646(620-595)571 CMS-LESS/LONG. NCMS-LESS SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: DOWN-BELOW TREND-SUPPORT@7467-NET SELLING-QUIET.
TARGETS: 7640(7553-7467)7381 CMS-LESS/LONG. NCMS-LESS/SHORT.

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