Friday, February 23, 2024

major grains-cadusd-trends-traded-targets-feb23/2024-fri.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TREND (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: MOVED-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-FLAT. LOST/MOMENTUM.
TRADED: DOWN-BELOW LINE-NET SELLING-MET SUPPORT UPSIDE 408
TARGETS: 450(429-408)388 COMS-MORE LONG/NONCOMS-MORE SHORT.

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

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/0.59MMT.
TREND: DOWN OPEN INTEREST-UP. VOLUME-DOWN. MOMENTUM/STEADY.
TRADED: DOWN-ABOVE LINE-NET SELLING-MET SUPPORT DOWNSIDE 571.
TARGETS: 620(595-571)547 COMS-MORE LONG/NONCOMS-MORE SHORT.

CAD/USD (D6H234)/MAR:
TREND: DOWN OPEN INTEREST/ VOLUME-FLAT. LOST/MOMENTUM.
TRADED: DOWN-ON LINE-NET SELLING-CLOSE BELOW SUPPORT@7429..
TARGETS: 7515(7429-7342)7256. COMS-LESS LONG/NONCOMS-LESS SHORT.

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