Friday, March 01, 2024

major grains-cadusd-trends-traded-targets-mar01/2024-fri.

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

CORN (ZCK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/3.16MMT.
TREND: (DOWN) OPEN INTEREST-DOWN VOL-UP MOMENTUM-STEADY
TRADED: DOWN-ABOVE T/LINE-NET SELLING-MET RESISTANCE@429..
TARGETS: 450(429-408)388 COMS-LESS LONG/NONCOMS-LESS SHORT.

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-JAN/FEB-UP/1.43MMT.
TREND: (DOWN) OPEN INTEREST-FLAT VOL-DOWN LOST-MOMENTUM.
TRADED: UP-UPSIDE T/LINE-BUYING-MET RESISTANCE MID(1170-1135)
TARGETS: 1201(1170-1135)1102 CMS-MORE LONG/NONCMS-MORE SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/0.59MMT.
TREND: (DOWN) OPEN INTEREST-UP VOLUME-UP GAINED-MOMENTUM.
TRADED: DOWN-ON/UPSIDE TREND-SELLING-MET SUPPORT@547/LOWS.
TARGETS: 595(571-547)524 COMS-LESS LONG/NONCOMS-LESS SHORT.

CAD/USD (D6H24)/MAR:
TREND: (DOWN) OPEN INTEREST-UP VOL-DOWN MOMENTUM-STEADY.
TRADED: DOWN-BELOW TREND-NET BUYING-RESISTANCE MID(RANGE).
TARGETS: 7515(7429-7343)7251 CMS-NOW SHORT/NONCMS-MORE SHORT..

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