Tuesday, April 09, 2024

major grains-cadusd-trends-traded-targets-apr09/2024-tues

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS
TRADED: (MOVE)-ACTIVITY-TRENDLINE-TARGET-(MOMENTUM)
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZCK24)MAY: WORLD FINAL STOCKS-23/24-UP/18.01MMT.
TREND: (DOWN) OPEN INTEREST/DOWN VOLUME/UP (GAINED)
TRADED: (DOWN)-ON TREND-NET SELLING-MET SUPPORT@428.
TARGETS: 471(449-428)407 CMS-LESS LONG/NCMS-MORE SHORT

SOYBEAN (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.12MMT
TREND: (DOWN) OPEN INTEREST/DOWN VOLUME/DOWN (STEADY)
TRADED: (DOWN)-ON TREND-NET SELLING-MET SUPPORT@1272
TARGETS: 1344(1308-1272)1236 CMS-FLAT LONG/NCMS-FLAT SHORT

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-23/24-DOWN/12.27MMT.
TREND: (UP) OPEN INTEREST.DOWN VOLUME/DOWN (LOST)
TRADED: (DOWN)-ABOVE TREND-SELLING-TESTED SUPPORT@560
TARGETS: 514(537-560)584 COMS-FLAT LONG/NCOMS-FLAT SHORT

CADUSD (D6M24)/JUN:
TREND: (UP) OPEN INTEREST/UP VOLUME/FLAT (LOST)
TRADED: (FLAT)-ON TREND SELLING-TESTED RESISTANCE@7378
TARGETS: 7209(7293-7378)7464 CMS--LESS LONG/NCMS-MORE SHORT

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