Wednesday, January 31, 2024

major grains-cadusd-trends-traded-targets-jan31/2024 wed.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: DIRECTION-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 OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: FLAT-ABOVE TREND-BUYING-449 AS RESISTANCE-LOST..
TARGETS: 471(449-428)407 C'S-MORE LONG. NC'S-FLAT SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/0.39MMT.
TRENDS: PRICE/DOWN. OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: UP-ON TREND-BUYING-TESTED 1216 AS RESISTANCE-LOST..
TARGETS: 1287(1251-1216)1181 C'S-MORE LONG. NC'S-MORE SHORT..

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/1.83MMT.
TRENDS: PRICE/DOWN OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: FLAT-MOVE FLAT-SELLING-594 AS SUPPORT-LOST.
TARGETS: 646(620-594)571 C'S-LESS LONG. NC'S-LESS SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN OPEN INTEREST-UP. VOLUME/UP.
TRADED: MOVE UP-ABOVE TREND-OFFSET-7467 AS RESISTANCE-GAINED..
TARGETS: 7553(7467-7553)7640 C'S-FLAT LONG. NC'S-LESS SHORT..

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