Tuesday, March 12, 2024

major grains-cadusd-trends-traded-targets-mar12/2024-tues.

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

CORN (ZCK4)MAY: WORLD FINAL STOCKS-23/24-UP/18.01MMT.
TREND: (UP)/SHARP OPEN INTEREST-DOWN VOLUME/DOWN.
TRADED: UP/ON TREND-IN OFFSET-BELOW RESISTANCE@449-LOST-.
TARGETS: 408(428-449)470 COMS-LESS LONG/NONCOMS-LESS SHORT

SOYBEANS (ZSK4)MAY: WORLD FINAL STOCKS-23/24-UP/12.62MMT.
TREND: (UP)/STEEP OPEN INTEREST-DOWN VOLUME-FLAT.
TRADED: UP/ON TREND-NET BUYING-BELOW RESISTANCE@1195.GAINED-
TARGETS: 1125(1161-1195)1230 CMS-MORE LONG/NONCMS-MORE SHORT.

WHEAT (ZWK4)MAY: WORLD FINAL STOCKS-23/24-UP/12.27MMT.
TREND: (DOWN)/MODERATE OPEN INTEREST-DOWN VOLUME-DOWN.
TRADED: UP-ON TREND-NET SELLING-TESTED/CLOSE BELOW 547-LOST-
TARGETS: 571(547-523)500 COMS-MORE LONG/NONCOMS-MORE SHORT.

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

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