Wednesday, February 14, 2024

major grains-cadusd-trends-traded-targets-feb14/2024-wed.

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

CORN (ZWK24)MAY: WORLD ENDING STOCKS-JAN/FEB-DOWN/3.16MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: DOWN-UPSIDE TREND-NET SELLING-MID(RANGE)-GAINED.
TARGETS: 471(449-428)407 C'SMORE LONG. NC'S-MORE SHORT.

SOYS (ZSK24)MAY: WORLD ENDING STOCKS-JAN/FEB-UP/1.43MMT
TRENDS: DOWN(SHORT TERM) OPEN INTEREST-UP VOL-DOWN.
TRADED: DOWN-ON TREND-NET SELLING-MID(RANGE)-GAINED.
TARGETS: 1236(1201-1169)1135 C'S-MORE LONG. NC'S-MORE SHORT.

WHEAT (ZWK24)MAY: WORLD ENDING STOCKS-JAN/FEB-DOWN/0.59MMT.
TRENDS: PRICE/DOWN(LONG TERM) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: DOWN-ABOVE TREND-NET SELLING-ABOVE 571-GAINED.
TARGETS: 620(595-571)547 C'SLESS LONG. NC'S-MORE SHORT.

DOLLAR (D6M23)/JUN
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: FLAT-NET BUYING.ABOVE/TREND.RESISTANCE@7482.LOST/MOMENTUM.
TARGETS: 7311(7397-7482)7568-COMMERCIALS.LESS/LONG.NON COMMS.LESS/SHORT.

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