Tuesday, April 16, 2024

major grains-cadusd-trend analysis-apr16/2024-tues

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

CORN (ZCN24)JUL: WORLD FINAL STOCKS-23/24-UP/16.09MMT.
TREND: (DOWN) OPEN INTEREST/UP VOLUME/DOWN ((STEADY)
TRADED: (DOWN)-ON TREND/ABOVE SUPPORT@537-SELLING
TARGETS: 585(560-537)513 C'S-MORE LONG/NONC'S-MORE SHORT

SOYS (ZSN24)JUL: WORLD FINAL STOCKS-23/24-UP/12.91MMT
TREND: (DOWN) OPEN INTEREST/UP VOLUME/UP (STEADY)
TRADED: (DOWN)-BELOW TREND/SUPPORT@1170-NET SELLING
TARGETS: 1240(1204-1170)1135 C'S-LESS LONG/NC'S-LESS SHORT

WHEAT (ZWN24)JUL: WORLD FINAL STOCKS-23/24-DOWN/12.73
TREND: (DOWN) OPEN INTEREST/UP VOLUME/UP (GAINED)
TRADED: (FLAT)-ON TREND/BELOW SUPPORT@566-NET BUYING-
TARGETS: 615(590-566)532 C'S-LESS LONG/NC'S-LESS SHORT

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST/UP VOLUME/UP (LOST)
TRADED: (DOWN)-ON TREND/SUPPORT@7257-NET SELLING
TARGETS: 7429(7342-7257)7171 C'S-MORE LONG/NC'SMORE SHORT

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