Wednesday, February 21, 2024

major grains-cadusd-trends-traded-targets-feb21/2024-wed.

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

CORN (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/3.16MMT.
TREND: LINE/DOWN OPEN INTEREST/UP. VOLUME-FLAT.
TRADED: DOWN-ON TREND-SELLING-TESTED SUPPORT@429-GAINED-.
TARGETS: 450(429-408)388 COMS-MORE LONG/NONCOMS-MORE SHORT.

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-JAN/FEB-UP/1.43MMT.
TREND: LINE/DOWN OPEN INTEREST-UP. VOLUME-FLAT.
TRADED: DOWN-ON TREND-SELLING-TESTED SUPPORT@1170-GAINED-.
TARGETS: 1201(1170-1135)1102 COMS-LESS LONG/NCOMS-MORE SHORT .

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/0.59MMT.
TREND: LINE/DOWN OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: FLAT-ABOVE TREND-BUYING-MET SUPPORT@571-LOST-.
TARGETS: 620(595-571)547 COMS-LESS LONG/NONCOMS-LESS SHORT.

DOLLAR (DHM24)/MAR:
TREND: LINE DOWN OPEN INTEREST-FLAT VOLUME-DOWN.
TRADED: DOWN-BELOW TREND-NET BUYING-MET RESISTANCE@7429-LOST .
TARGETS: 7516(7429-7342)7256. COMS-MORE LONG/NCOMS-NOW SHORT.

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