Thursday, February 22, 2024

major grains-cadusd-trends-traded-targets-feb22/2024-thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (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: (DOWN). OPEN INTEREST-UP. VOLUME/UP. STEADY/MOMENTUM.
TRADED: DOWN-ON LINE-SELLING-MET SUPPORT MID(429-408).
TARGETS: 450(429-408)388 COM-MORE LONG/NONCOM-MORE SHORT.

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-JAN/FEB-UP/1.43MMT.
TRENDS: (DOWN) OPEN INTEREST-UP. VOLUME-UP STEADY/MOMENTUM.
TRADED: DOWN-ON LINE-NET SELLING-MET SUPPORT MID(1170-1135).
TARGETS: 1201(1170-1135)1102 COM-LESS LONG/NONCOM-FLAT SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/0.59MMT.
TRENDS: (DOWN) OPEN INTEREST-UP. VOLUME-UP. GAINED MOMENTUM.
TRADED: UP-ABOVE LINE-SELLING-MET RESISTANCE@595.
TARGETS: 620(595-571)547 COM-LESS LONG/NONCOM-LESS SHORT.

CAD/USD (D6H24)/MAR:
TRENDS: (DOWN) OPEN INTEREST-UP. VOLUME-UP. GAINED/MOMENTUM.
TRADED: UP-ON LINE-NET SELLING-MET RESISTANCE@7429. .
TARGETS: 7515(7429-7342)7256 COM-MORE LONG/NONCOM-LESS SHORT..

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