Friday, April 26, 2024

major grains-cadusd-trends-traded-targets-apr26/2024

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 ENDING STOCKS-23/24-UP/16.09MMT.
TREND: (UP)STEEP OPEN INTEREST/UP VOLUME/DOWN (LOST)
TRADED: (UP)-OFF TREND- NET SELLING-MET RESISTANCE@554
TARGETS: 509(531-554)575 COMS-LESS LONG/NONCOMS-LESS SHORT

SOYS (ZSN24)JUL: WORLD ENDING STOCKS-23/24-UP/12.91MMT
TREND: (UP)STEEP OPEN INTEREST/DOWN VOLUME/DOWN (LOST)
TRADED: (FLAT)-OFF TREND-SELLING-TESTED  RESISTANCE@1276
TARGETS: 1206(1241-1276)1312 CM'S-LESS LONG/NCM'S-LESS SHORT 

WHEAT (ZWN24)JUL: WORLD ENDING STOCKS-23/24-DOWN/12.73MMT.
TREND: (UP)STEEP OPEN INTEREST/FLAT VOLUME/FLAT (GAINED)
TRADED: (UP)-ON TREND-NET SELLING-MET RESISTANCE@632
TARGETS: 584(608-632)658 CM'S-LESS LONG/NCM'S-LESS SHORT

CADUSD (D6M23)/JUN:
TREND: (UP) OPEN INTEREST/DOWN VOLUME/UP (LOST)
TRADED: (UP)-ON TREND-NET BUYING-ABOVE SUPPORT@7292
TARGETS: 7209(7292-78372)7464 CM'S-LESS LONG/NM'S-LESS SHORT

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