Monday, February 05, 2024

major grains-cadusd-trends-traded-targets-feb05/2024-mon.

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

CORN (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/10.00MMT.
TRENDS: PRICE/FLAT MOVE OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: DOWN-MID MOVE-NET BUYING-RESISTANCE@448-LOST.
TARGETS: 471(448-427)406 C'S-MORE LONG. NC'S-MORE SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/0.39MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: DOWN-ON TREND-NET SELLING-SUPPORT@1181-LOST..
TARGETS: 1251(1216-1181)1147 C'S-MORE LONG. NC'S-MORE SHORT.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-DOWN/1.83MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOLUME/DOWN.
TRADED: DOWN-ABOVE TREND-NET SELLING-SUPPORT@595-STEADY..
TARGETS: .646(620-595)571 C'S-LESS LONG. NC'S-LESS SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTERES-UP. VOLUME-DOWN.
TRADED: DOWN-ABOVE TREND-SELLING-BELOW SUPPORT@7415-LOST..
TARGETS: 7502(7415-7329)7243 C'S-NOW SHORT. NC'S-LESS SHORT..

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