Friday, March 08, 2024

major grains-cadusd-trends-traded-targets-mar08/2024-fri.

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

CORN (ZC24)MAY: WORLD FINAL STOCKS-23/24-UP/18.01MMT.
TREND: (DOWN) OPEN INTEREST-DOWN VOL-FLAT LOST MOMENTUM.
TRADED: UP-ABOVE MOVE+TREND-RESISTANCE@472-NET BUYING.
TARGETS: 472(450-429)408 COMS-LESS LONG-NONCOMS-FLAT SHORT.

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.12MMT.
TREND: (UP) OPEN INTEREST-DOWN VOLUME/UP GAINED MOMENTUM.
TRADED: UP-UPSIDE TREND-RESISTANCE/UPPER(RANGE)-NET BUYING.
TARGETS: 1128(1161-1195)1230 CMS-MORE LONG/NONCMS-MORE SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-23/24-UP12.27MMT.
TREND: (DOWN) OPEN INTEREST-DOWN VOL-DOWN GAINED MOMENTUM.
TRADED: FLAT-BELOW TREND-RESISTANCE-BELOW 547-NET BUYING.
TARGETS: 500(524-547)571 COMS-MORE LONG/NONCOMS-MORE SHORT.

CADUSD (6CH4))/MAR:
TREND: (DOWN) OPEN INTEREST-DOWN VOLUME-UP LOST MOMENTUM. 
TRADED: UP-ABOVE TREND-MET RESISTANCE ABOVE 7425-NET SELLING.
TARGETS: 7599(7511-7425)7339 CMS-MORE SHORT/NONCMS-MORE LONG.

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