Friday, February 16, 2024

major grains-cadusd-trends-traded-targets-feb16/2024-fri.

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

CORN (ZCK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/3.16MMT.
TRENDS: DOWN/SHORT TERM OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: DOWN-ON TREND-NET SELLING-ON SUPPORT@428-LOST-.
TARGETS: 471(449-428)407 COMS-MORE LONG. NONCOMS-MORE SHORT.

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-JAN/FEB-UP/1.43MMT.
TRENDS: DOWN SHORT TERM OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: FLAT-OFF TREND-BUYING-CLOSE UP ABOVE 1170-LOST-.
TARGETS: 1236(1201-1170)1135 COM-LESS LONG-NONCOM-MORE SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/0.59MMT.
TRENDS: DOWN/LONG TERM OPEN INTEREST.DOWN VOLUME/UP
TRADED: DOWN/NET BUYING.ON/TREND.RESISTANCE@628.LOST-
TARGETS: 578(603-628)653-COM-LESS LONG. NON COM-MORE SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: DOWN/SHORT TERM. OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: UP-NET SELLING-BELOW/TREND-RESISTANCE@7429.LOST-.
TARGETS: 7515(7429-7342)7256-COM-MORE LONG. NON COM-LESS SHORT.

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