Wednesday, March 20, 2024

major grains-cadusd-trends-traded-targets-mar20/2024-wed.

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

CORN (ZCK24)MAY: WORLD ENDING STOCKS-23/24-UP/18.01MMT.
TREND: (UP) OPEN INTEREST-UP VOLUME-FLAT GAINED/MOMENTUM.
TRADED: (UP)-TOWARD TREND-BUYING-RESISTANCE MID(RANGE).
TARGETS: 412(432-453)474 COMS-LESS LONG/NONCOMS-LESS SHORT. 

SOYBEANS (ZSK24)MAY: WORLD ENDING STOCKS-23/24-UP/12.12MMT.
TREND: (UP) OPEN INTEREST-UP VOLUME-UP LOST/MOMENTUM
TRADED: (UP)-UPSIDE TREND-BUYING-RESISTANCE@1230
TARGETS: 1161(1195-1230)1265 CMS-LESS LONG/NONCMS-LESS SHORT.

WHEAT (ZWK24)MAY: WORLD ENDING STOCKS-23/24-UP/12.27MMT.
TREND: (DOWN) OPEN INT-DOWN VOL-FLAT GAINED/MOMENTUM.
TRADED: (DOWN) UPSIDE TREND-NET SELLING-RESISTANCE OVER 547.
TARGETS: 571(547-523)500 COMS-MORE LONG/NONCOMS-MORE SHORT.

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST-UP VOLUME-DOWN LOST/MOMENTUM
TRADED: (UP)-ABOVE TREND-NET BUYING-RESISTANCE @7429.
TARGETS: 7515(7429-7342)7257 CMS-MORE LONG/NNCOMS-MORE SHORT.

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