Tuesday, February 20, 2024

major grains-cadusd-trends-traded-targets-feb20/2024-tues.

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-DOWN/3.16MMT.
TRENDS: DOWN/SHORT TERM OPEN INTEREST-UP VOLUME-FLAT.
TRADED: UP-ON TREND-BUYING-SUPPORT@428-GAINED MOMENTUM...
TARGETS: 471(449-428)407 CMRCL-MORE LONG-NONCMRCL-MORE SHORT.

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-JAN/FEB-UP/1.43MMT.
TRENDS: DOWN/SHORT TERM OPEN INTEREST-UP. VOLUME/FLAT.
TRADED: UP-ABOVE TREND NET BUYING-SUPPORT/MID(RANGE)-STEADY
TARGETS: 1236(1201-1169)1135 CMRCL-LESS LONG. NONCML-FLAT SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/0.59MMT.
TRENDS: DOWN/LONG TERM OPEN INTEREST-UP. VOLUME-UP.
TRADED: UP-ON TREND-BUYING-RESISTANCE/MID(RANGE)-GAINED-
TARGETS: 595(571-547)523 CMRCL-LESS LONG. NONCMRCL-LESS SHORT. 

DOLLAR (D6H24)/MAR:
TRENDS: DOWN/SHORT TERM. OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: DOWN-BELOW TREND-NET SELLING-RESISTANCE@7429-GAINED..
TARGETS: 7515(7429-7342)7246 CMRCL-MORE LONG. NONCML-LESS SHORT.

No comments:

Google+