Tuesday, February 27, 2024

major grains-cadusd-trends-traded-targets-feb27/2024-tues.

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

CORN (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/3.16MMT.
TREND: DOWN OPEN INTEREST/DOWN VOLUME/DOWN LOST/MOMENTUM.
TRADED: UP-ON TREND-NET BUYING-MET RESISTANCE DOWNSIDE/429.
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/FLAT GAINED/MOMENTUM.
TRADED: UP-ON TREND-NET SELLING-TESTED RESISTANCE BELOW 1201.
TARGETS: 1236(1201-1170)1135 COMS-FLAT LONG/NONCOMS-FLAT SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/0.59MMT.
TREND: DOWN OPEN INTEREST/FLAT VOLUME/DOWN GAINED/MOMENTUM.
TRADED: UP-DOWNSIDE HIGHER TREND DOWN-NET BUYING-MID(RANGE)
TARGETS: 620(595-571)547 COMS-MORE LONG/NONCOMS-MORE SHORT.

CAD/USD (D6H24)/MAR:
TREND: DOWN OPEN INTEREST/UP VOLUME/UP GAINED MOMENTUM.
TRADED: DOWN-ON TREND-NET SELLING-MET RESISTANCE@7429.
TARGETS: 7515(7429-7342)7250 COMS-LESS LONG/NONCOMS LESS SHORT..

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