Friday, February 02, 2024

major grains-cadusd-trends-traded-targets-feb02/2024-fri.

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

CORN (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/10.00MMT.
TRENDS: PRICE/SIDEWAYS MOVE OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: SIDEWAYS-MID MOVE-SELLING-RESISTANCE@448-GAINED.
TARGETS: 471(448-427)406 C'S-MORE LONG. NC'S-MORE SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-DEC/JANUP/0.39MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: DOWN-ON TREND-SELLING-SUPPORT UPSIDE 1181-STEADY.
TARGETS: 1251(1216-1181)1147 C'S-MORE LONG. NC'S-MORE SHORT. .

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/1.83MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-DOWN. VOLUME/FLAT.
TRADED: UP-ABOVE TREND-NET SELLING-SUPPORT@595-STEADY. .
TARGETS: 571(595-619)644 C'S-LESS LONG. NC'S-LESS SHORT. 

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST-UP. VOLUME/DOWN.
TRADED: DOWN-ABOVE TREND-SELLING-RESISTANCE@7502-GAINED.
TARGETS: 7589(7502-7415)7329 C'S-NOW SHORT. NC'S-LESS SHORT.

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