Thursday, March 07, 2024

major grains-cadusd-trends-traded-targets-mar07/2024-thur.

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

CORN (ZCK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/3.16MMT.
TREND: (DOWN) OPEN INTEREST-FLAT VOLUME-UP. GAIN/MOMENTUM.
TRADED: UP/BUYING-FROM FLAT MOVE-MET RESISTANCE/MID(RANGE).
TARGETS: 471(450-429)408 COMS-LESS LONG/NONCOMS-LESS SHORT..

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-JAN/FEB-UP/1.43MMT.
TREND: (UP (NEW) OPEN INTEREST-UP VOLUME-UP GAINED MOMENTUM.
TRADED: UP/BUYING-ON TREND-TESTED/CLOSE ABOVE 1161.
TARGETS: 1128(1161-1196)1230 CMS-MORE LONG/NONCMS-MORE SHORT..

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/0.59MMT.
TREND: (DOWN) OPEN INTEREST-FLAT VOL-DOWN LOST MOMENTUM.
TRADED: DOWN/SELLING-BELOW TREND-ABOVE SUPPORT@524.
TARGETS: 571(547-524)501 COMS-LESS LONG/NONCOMS-LESS SHORT.

CAD/USD (D6H24)/MAR:
TREND: (DOWN) OPEN INT-DOWN VOL-DOWN MOMENTUM STEADY.
TRADED: UP/BUYING-ABOVE TREND-CLOSE ABOVE RESISTANCE@7429.
TARGETS: 7515(7429-7342)7256 CMS-SHORT/NONCMS-MORE SHORT.

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