Wednesday, April 10, 2024

major grains-cadusd-trends-traded-targets-apr10/2024-wed

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 (ZCN24)JUL: WORLD FINAL STOCKS-23/24-UP/18.01MMT.
TREND: (DOWN) OPEN INTEREST/UP VOLUME/DOWN (LOST)
TRADED: (FLAT)-ON TREND-NET BUYING-MET RESISTANCE@446.
TARGETS: 425(446-468)491 CMS-FLAT LONG/NCMS-FLAT SHORT

SOYBEAN (ZSN24)JUL: WORLD FINAL STOCKS-23/24-UP/12.12MMT
TREND: (DOWN) OPEN INTEREST/UP VOLUME/UP (GAINED)
TRADED: (DOWN)-ON TREND-NET SELLING-SUPPORT MID(RANGE)
TARGETS: 1240(1204-1170)1135 CMS-FLAT LONG/NCMS-FLAT SHORT 

WHEAT (ZWN24)JUL: WORLD ENDING STOCKS-23/24-UP/12.27MMT.
TREND: (UP) OPEN INTEREST/DOWN VOLUME/DOWN (STEADY)
TRADED: (UP)-ON TREND-OFFSET SELLING-MET RESISTANCE@584
TARGETS: 537(560-584)608 CMS-FLAT LONG/NONCMS-FLAT SHORT

CADUSD (D6M24)/JUN
TREND: (DOWN)NEW  OPEN INTEREST/FLAT VOLUME/FLAT (GAINED)
TRADED: (DOWN)-ABOVE TREND-SELLING-SUPPORT MID(RANGE))
TARGETS: 7429((7342-7257)7175 CMS-FLAT LONG/NCMS FLAT SHORT.

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