Tuesday, March 05, 2024

major grains-cadusd-trends-traded-targets-mar05/2024-tues.

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

CORN (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/3.16MMT.
TREND: (DOWN) OPEN INTEREST-FLAT VOL-DOWN LOST MOMENTUM.
TRADED: MOVE FLAT-ABOVE TREND-RESISTANCE@429-NET SELLING.
TARGETS: 450(429-408)388 COMS-LESS LONG/NONCOMS-LESS SHORT.

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-JAN/FEB-UP/1.43MMT.
TREND: (DOWN) OPEN INTEREST-DOWN VOL-DOWN LOST MOMENTUM.
TRADED: DOWN-ABOVE TREND-RESISTANCE-MID(RANGE)-NET SELLING.
TARGETS: 1201(1170-1135)1102 COM-MORE LONG/NONCOM-MORE SHORT..

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/0.59MMT.
TREND: (DOWN) OPEN INTEREST-UP VOLUME-UP MORE MOMENTUM.
TRADED: DOWN-ON TREND-MET SUPPORT@547-NET SELLING.
TARGETS: 595(571-547)524 COMS-LESS LONG/NON COMS-LESS SHORT,

CAD/USD (D6H24)/MAR:
TREND: (DOWN) OPEN INTEREST-UP. VOLUME-UP. MORE MOMENTUM.
TRADED: MOVE FLAT-ON TREND-SUPPORT@7243-NET SELLING.
TARGETS: 7515(7429-7343)7251 COM-NOW SHORT/NONCOM-MORE SHORT.

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