Monday, April 01, 2024

major grains-cadusd-trends-traded-targets-apr01/2024-mon

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

CORN (ZCK24)MAY: WORLD FINAL STOCKS-23/24-UP/18.01MMT.
TREND: (FLAT/RANGE) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: (FLAT)-(IN RANGE)-NET SELLING-RESISTANCE@440-LOST-.
TARGETS: 412(430-440)453 COMS-LESS LONG/NONCOMS-LESS SHORT.-.

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.12MMT
TREND: (UP/SHARP) OPEN INTEREST/DOWN VOL/DOWN STEADY-
TRADED: UP-ON TREND-NET SELLING-TESTED RESISTANCE@1195.-
TARGETS: 1128(1161-1195)1230 CMS-LESS LONG/NCMS-LESS SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-23/24-DOWN/12.27MMT.
TREND: (UP) OPEN INTEREST.DOWN VOLUME/DOWN LOST-
TRADED: (FLAT)-ON TREND-NET SELLING-TESTED RESISTANCE@560
TARGETS: 514(537-560)584 COMS-MORE LONG/NONCOMS-MORE SHORT.

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST/DOWN VOLUME/DOWN LOST-
TRADED: (UP)-ABOVE TREND-SELLING-RESISTANCE BELOW 7429.
TARGETS: 7515(7429-7348)7257 CMS-MORE LONG/NCMS-MORE SHORT.

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