Friday, April 12, 2024

major grains-cadusd-trends-traded-targets-apr12/2024-fri\

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/16.09MMT.
TREND: (DOWN) OPEN INTEREST/UP VOLUME/DOWN (STEADY)
TRADED: (DOWN) ON TREND-NET BUYING-TESTED SUPPORT@444.
TARGETS: 487(465-444)424 CMS-MORE LONG/NCMS-MORE SHORT

SOYBEANS (ZSN24)JUL: WORLD FINAL STOCKS-23/24-UP/12.91MMT
TREND: (UP) OPEN INTEREST/UP VOLUME/DOWN (GAINED)
TRADED: (UP)-BELOW TREND-NET BUYING-RESISTANCE MID(RANGE)
TARGETS: 1137(1175-1208)1241 CMS-LESS LONG/NCMS-FLAT SHORT

WHEAT (ZWN24)JUL: WORLD FINAL STOCKS-23/24-DOWN/16.09MMT.
TREND: (UP) OPEN INTEREST/UP VOLUME/FLAT (STEADY)
TRADED: (UP)-ON TREND-NET BUYING-RESISTANCE MID(RANGE)
TARGETS: 537(560-584)602 COMS-LESS LONG/NCOMS-LESS SHORT

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST/UP VOLUME/DOWN (LOST)
TRADED: (DOWN)-ON TREND-SELLING-MET SUPPORT@7342
TARGETS: 7515(7429-7342)7257 CMS-MORE LONG/NCMS-MORE SHORT

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