Thursday, April 18, 2024

major grains-cadusd-trends-traded-targets-apr18/2024-thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING
TREND: (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/UP (GAINED)
TRADED: (DOWN)-ALONG TREND-SELLING-MET SUPPORT@537
TARGETS: 585(565-537)513/COM-FLAT LONG/NCOM-FLAT SHORT

SOYS (ZSN24)JUL: WORLD FINAL STOCKS-23/24-UP/12.91MMT
TREND: (DOWN) OPEN INTEREST/UP VOLUME/UP (GAINED)
TRADED: (DOWN)-BELOW TREND-SELLING-SUPPORT/MID(RANGE)
TARGETS: 1204(1170-1135)1101/COM-FLAT LONG/NCOM-FLAT SHORT

WHEAT (ZWN24)JUL: WORLD FINAL STOCKS-23/24-DOWN/12.73MMT.
TREND: (DOWN) OPEN INTEREST/UP VOLUME/UP (LOST)
TRADED: (DOWN)-BELOW TREND-NET SELLING-SUPPORT/MID(RANGE)
TARGETS: 590(566-532)509/COM-LESS LONG/NCOM-LESS SHORT

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST/UP VOLUME/FLAT (LOST)
TRADED: (UP)-ABOVE TREND-NET SELLING-RESISTANCE@7257
TARGETS: 7342(7257-7171)7088/COM-MORE LONG/NCOM-MORE SHORT

No comments:

Post a Comment