Thursday, February 08, 2024

major grains-cadusd-trends-traded-targets-feb08/2024-thur.

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

CORN (ZWH24)MAR: WORLD ENDING STOCKS-JAN/FEB-DOWN/3.16MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-DOWN. VOL/DOWN.
TRADED: DOWN-UPSIDE TREND-ABOVE SUPPORT@427-NET SELLING-UP.
TARGETS: 471(448-427)406 C'S-MORE LONG. NC'S-MORE SHORT.

SOYS (ZSH24)MAR: WORLD ENDING STOCKS-JAN/FEB-UP/1.43MMT
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-DOWN. VOLUME-UP.
TRADED: UP-ON TREND-NET BUYING-SUPPORT@1181-GAINED.
TARGETS: 1251(1216-1181)1147 C'S-MORE LONG. NC'S-MORE SHORT.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-JAN/FEB-DOWN/0.59MMT.
TRENDS: PRICE/UP(LESS) OPEN INTEREST-DOWN. VOLUME/DOWN.
TRADED: DOWN-ON TREND-NET SELLING-SUPPORT@MID(RANGE)-GAINED.
TARGETS: 620(595-571)547 C'S-LESS LONG. NC'S-LESS SHORT.

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

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