Thursday, February 15, 2024

major grains-cadusd-trends-traded-targets-feb15/2024-thur.

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

CORN (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB(-)/3.16MMT.
TRENDS: DOWN(SHORT TERM) OPEN INTEREST-UP. VOLUME-UP.
TRADED: DOWN-ON TREND-SELLING-MET SUPPORT@428-GAINED..
TARGETS: 471(449-428)407 COM-MORE LONG. N/COM-MORE SHORT..

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-JAN/FEB(+)/1.43MMT.
TRENDS: DOWN(SHORT TERM) OPEN INTEREST-UP. VOLUME-FLAT.
TRADED: DOWN-ON TREND-SELLING-TESTED SUPPORT@1169.LOST.
TARGETS:1236(1201-1169)1135 COM-MORE LONG. N/COM-MORE SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-JAN/.FEB(-)/0.59MMT.
TRENDS: DOWN(LONG TERM) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: DOWN-ON TREND-SELLING-TESTED SUPPORT@571-LOST.
TARGETS: 620(595-571)547 COM-FLAT LONG. N/COM-MORE SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: DOWN(SHORT TERM) OPEN INTEREST-UP. VOLUME-FLAT.
TRADED: UP-BELOW TREND-BUYING-MET RESISTANCE@7415 GAINED.
TARGETS: 7589(7502-7415)7329 COM-MORE SHORT. N/COM-NOW LONG.

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