Thursday, February 01, 2024

major grains-cadusd-trends-traded-targets-feb01/2024-thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: MARKET-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-UP. VOLUME-DOWN.
TRADED: MOVE FLAT-ABOVE TREND-BUYING@448/RESISTANCE-STEADY.
TARGETS: 471(448-427)406 C'S-LESS LONG. NC'S-FLAT SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/0.39MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-LOWER. VOLUME-DOWN.
DTRADED: DOWN-ON TREND-SELLING-SUPPORT/MID(RANGE)-GAINED.
TARGETS: 1251(1216-1188)1147 C'S-MORE LONG. NC'S-MORE SHORT..

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/1.83MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-FLAT/UP VOLUME/UP.
TRADED: LOWER./FLAT-ABOVE TREND-NET BUYING-TESTED/595-GAINED.
TARGETS: 646(620-595)571 C'S-MORE LONG. NC'S-LESS SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: UP-ABOVE TREND-NET BUYING@7467/RESISTANCE-GAINED.
TARGETS: 7553(7467-7381)7246 C'S-LESS LONG. NC'S-LESS SHORT.

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