Friday, March 22, 2024

major grains-cadusd-trends-traded-targets-mar22/2024-fri.

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

CORN (ZCK24)MAY: WORLD ENDING STOCKS-23/24-UP/18.01MMT.
TREND: (UP) OPEN INTEREST-DOWN VOL-DOWN LESS MOMENTUM.
TRADED: (DOWN)-ON TREND-NET SELLING-SUPPORT NEAR/ABOVE 432.
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-DOWN VOLUME-DOWN STEADY
TRADED: (DOWN)-ON/TREND-SELLING-TESTED/CLOSE BELOW 1195-
TARGET: 1128(1161-1195)1230 CMS-LESS LONG/NNCOMS-LESS SHORT.

WHEAT (ZWK24)MAY: WORLD ENDING STOCKS-23/24-DOWN/12.27MMT.
TREND: (DOWN) OPEN INTEREST-DOWN VOLUME-UP MORE MOMENTUM.
TRADED: (UP)-ABOVE TREND-NET BUYING-RESISTANCE/MID(RANGE)
TARGETS: 595(571-547)523 COMS-MORE LONG/NONCOMS-MORE SHORT.

CADUSD (D6M23)/JUN:
TREND: (DOWN) OPEN INTEREST-DOWN VOL-DOWN MORE MOMENTUM
TRADED: (DOWN)-NEAR/ABOVE SUPPORT@TREND/7342-NET SELLING-.
TARGETS: 7515(7429-7342)7257 CMS-MORE LONG/NNCMS-MORE SHORT.

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