Wednesday, February 28, 2024

major grains-cadusd-trends-traded-targets-feb28/2024-wed.

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

CORN (ZCK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/3.16MMT.
TREND: DOWN  OPEN INTEREST-UP VOLUME-FLAT LOST MOMENTUM.
TRADED: UP-UPSIDE TREND-NET BUYING-MET RESISTANCE@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-DOWN LOST MOMENTUM.
TRADED: DOWN-ALONG TREND-NET BUYING-MET SUPPORT@1135.
TARGETS: 1201(1170-1135)1102-COMS-FLAT LONG/NONCMS-FLAT SHORT.

WHEAT (ZWK24)MAY: WORLD ENDING STOCKS-JAN/FEB-DOWN/0.59MMT.
TREND:  DOWN OPEN INTEREST-FLAT VOLUME-FLAT LOST MOMENTUM.
TRADED: DOWN-DOWNSIDE TREND-SELLING-MET SUPPORT@571.
TARGETS: 620(595-571)547 COMS-MORE LONG/NONCOMS-MORE SHORT.

DOLLAR (D6H24)/MAR:
TREND: DOWN OPEN INTEREST-UP VOLUME-DOWN GAINED-MOMENTUM.
TRADED: DOWN-BELOW TREND-NET SELLING-ABOVE SUPPORT@7343.
TARGETS: 7515(7429-7343)7251 COMS-NEAR LONG/NONCMS-NEAR SHORT.

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