Wednesday, March 13, 2024

major grains-cadusd-trends-traded-targets-mar13/2024-wed.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: TREND-TRADED-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: BELOW TREND/RESISTANCE@449-OFFSET SELLING-STEADY-.
TARGETS: 408(428-449)470 COMS-LESS LONG/NONCOMS-LESS SHORT.

SOYBEANS (ZSK4)MAY: WORLD FINAL STOCKS-23/24-UP/12.12MMT.
TREND: (UP)STEEP OPEN INTEREST-UP VOLUME-UP.
TRADED: ABOVE TREND-BELOW RESISTANCE@1195-NET BUYING-LOST-.
TARGETS: 1125(1161-1195)1230 CMS-MORE LONG/NONCMS-MORE SHORT.

WHEAT (ZWK4)MAY: WORLD FINSL STOCKS-23/24-UP/12.27MMT.
TREND: (DOWN)MODERATE OPEN INTEREST-UP VOLUME-DOWN.
TRADED: ON TREND-MET SUPPORT@523-NET SELLING-GAINED-.
TARGETS: 571(547-523)500 COMS-MORE LONG/NONCOMS-MORE SHORT.

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

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