Wednesday, February 07, 2024

major grains-cadusd-trends-traded-targets-feb07/2024-wed.

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/DOWN(MODERATE) OPEN INTEREST-DOWN VOLUME-UP.
TRADED: DOWN-ABOVE TREND-SELLING-SUPPORT MID (RANGE)-LOST..
TARGETS: 471(448-427)406 C'SMORE LONG. NC'S-MORE SHORT..

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

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-DEC/JAN-UP/1.83MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: UP-ON TREND-NET BUYING-ABOVE RESISTANCE@565-GAINED.
TARGETS: 571(595-619)644 C'S-LESS LONG. NC'S-LESS SHORT.

DOLLAR (D6H24)/MAR:
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: UP-ABOVE TREND-NET BUYING-SUPPORT@7415-LOST.
TARGETS: 7589(7502-7414)7329 C'S-NOW SHORT. NC'S-LESS SHORT..

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