Friday, January 05, 2024

major grains-cadusd-trends-traded-targets-dec05/2024-fri.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS,
TRADED: MOVE-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-UP.
TRADED: DOWN-ON TREND-471/SUPPORT-SELLING-GAINED/MOMENTUM.
TARGETS: 515(492-471)448 COMS-MORE LONG. NON COMS-MORE SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-23/24-UP/12.29MMT
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: DOWN-OFF TREND-1251/SUPPORT-SELLING-EQUAL/MOMENTUM.
TARGETS: 1324(1287-1251)1216 COMS-MORE LONG. NON COMS-MORE SHORT.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.65MMT.
TRENDS: PRICE/DOWN(MODERATE)) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: UP-ON TREND-620/RESISTANCE-NET SELLING-LOST/MOMENTUM.
TARGETS: 664(620-595)571 COMS-MORE LONG. NON COMS-MORE SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-UP. VOLUME-UP.
TRADED: FLAT-ON TREND-7467/SUPPORT-SELLING-GAINED/MOMENTUM.
TARGETS: 7640(7553-7467)7381 COMS-LESS LONG. NON COMS-LESS SHORT.

No comments:

Google+