Tuesday, March 19, 2024

major grains-cadusd-trends-traded-targets-mar19/2024-tues.

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 (ZCK24)MAY: WORLD FINAL STOCKS-23/24-UP/18.01MMT.
TREND: (FLAT)INSIDE (430-440) OPEN INTEREST-DOWN VOL-DOWN.
TRADED: (FLAT)IN TREND-BUYING-440/RESISTANCE-LOST MENTUM.
TARGETS: 412(432-453)474 COMS-LESS LONG/NONCOMS-LESS SHORT

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.12MMT.
TREND: (UP)SHARP OPEN INTEREST-DOWN VOLUME-UP
TRADED: (DOWN)ON TREND-SELLING-BELOW 1195-LOST MENTUM.
TARGETS: 1128(1161-1195)1230 CMS-LESS LONG/NONCMS-LESS SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.27MMT.
TREND: (DOWN) OPEN INTEREST-FLAT VOLUME-DOWN
TRADED: (UP)ABOVE TREND-BUYING-TESTED 547-LOST MOMENTUM.
TARGETS: 500(523-547)571 COMS-MORE LONG/NONCOMS-MORE SHORT.

CADUSD (D6M24)/JUN:
TREND: (DOWN)GRADUAL OPEN INTEREST-DOWN VOLUME-UP
TRADED: (DOWN)ON TREND-NET SELLING-ABOVE 7338-GAINED-.
TARGETS: 7511(7425-7338)7253 CMS-MORE LONG/NNCMS-MORE SHORT.

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