Thursday, April 25, 2024

major grains-cadusd-trends-traded-targets-apr25/2024-thur

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: (UP) OPEN INTEREST/UP VOLUME/UP (LOST)
TRADED: (DOWN)-ON TREND-BUYING-TESTED RESISTANCE@450
TARGETS: 424(444-465)487 C'MS-MORE LONG/NONC'S-MORE SHORT

SOYS (ZSN24)JUL: WORLD FINAL STOCKS-23/24-UP/12.91MMT
TREND: (UP)STEEP OPEN INTEREST/UP VOLUME/FLAT (GAINED)
TRADED: DOWN-OFF TREND-BUYING/FROM SUPPORT@1171
TARGETS: 1137(1171-1206)1241 C'S-MORE LONG/NC'S-MORE SHORT

WHEAT (ZWN24)JUL: WORLD FINAL STOCKS-23/24-DOWN/12.73MMT.
TREND: (UP)STEEP OPEN INTEREST/FLAT  VOLUME/HIGH (LOST)
TRADED: (UP)-ON TREND-MET BUYING-RESISTANCE/MID(RANGE)
TARGETS: 584(602-632)658 COMS-MORE LONG/NONC'S-MORE SHORT

CADUSD (D6M24)/JUN
TREND: (UP) OPEN INTEREST/DOWN VOLUME/DOWN (GAINED)
TRADED: (FLAT)-ON TREND-NET BUYING/FROM SUPPORT@7292
TARGETS: 7209(7292-7378)7464 C'S-MORE LONG/NC'S-MORE SHORT

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