Thursday, February 29, 2024

major grains-cadusd-trends-traded-targets-feb29/2024-thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING...
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: PRICE-TREND-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-DOWN LOST MOMENTUM.
TRADED: UP-ABOVE TREND-BUYING-TESTED RESISTANCE/CLOSE@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-UP GAINED MOMENTUM.
TRADED: DOWN-ON TREND-NET SELLING-TESTED SUPPORT@1135.
TARGETS: 1201(1169-1135)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 LOST MOMENTUM.
TRADED: DOWN-BELOW TREND-OFFSET BUYING-TESTED SUPPORT@571.
TARGETS: 620(595-571)547 COMS-MORE LONG/NONCOMS-MORE SHORT.

CADUSD (D6H24)/MAR:
TREND: (DOWN) OPEN INTEREST-UP VOLUME-FLAT LOST MOMENTUM.
TRADED: FLAT-BELOW TREND-OFFSET SELLING-ABOVE SUPPORT@7342.
TARGETS: 7515(7429-7342)7251 COMS-LESS LONG/NONCOMS-LESS SHORT.

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