Monday, March 11, 2024

major grains-cadusd-trends-traded-targets-mar11/2024-mon.

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

CORN (ZCK4)MAY: WORLD FINAL STOCKS-23/24-UP/18.01MMT.
TREND: (UP) OPEN INTEREST-DOWN VOL-DOWN  FLAT MOMENTUM.
TRADED: UP-ON TREND-NET BUYING-SUPPORT ABOVE 429.
TARGETS: 409(429-450)471 COMS-LESS LONG/NONCOMS-LESS SHORT..

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.12MMT.
TREND: (UP) OPEN INTEREST-DOWN VOLUME-DOWN LOST MOMENTUM
TRADED: UP/STEEP-ON TREND-NET SELLING-RESISTANCE BELOW 1195.
TARGETS: 128(1161-1195)1230 CMS-MORE LONG/NONCMS-MORE SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.27MMT.
TREND: (DOWN) OPEN INTEREST-UP VOL-FLAT GAINED MOMENTUM.
TRADED: UP-ON TREND-NET BUYING-TESTED RESISTANCE@547.
TARGETS: 571(547-523)501 COMS-MORE LONG/NONCOMS-MORE SHORT.

CADUSD (6CH4)/MAR:
TREND: (DOWN) OPEN INTEREST-DOWN VOLUME-DOWN LOST MOMENTUM.
TRADED: DOWN-ABOVE TREND-NET BUYING-RESISTANCE@7425..
TARGETS: 7511(7425-7338)7253 CMS-MORE SHORT/NONCMS-NOW LONG..

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