Saturday, April 06, 2024

major grains-cadusd-trends-trading-targets-apr05/2024-fri.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS
TRADED: (MOVE)-TRENDLINE-TRADED-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 (STEADY)
TRADED: (UP)-ON TREND-NET SELLING-RESISTANCE-MID(RANGE)
TARGETS: 471(449-428)407 COMS-LESS LONG/NONCMS-MORE SHORT

SOYBEAN (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.12MMT
TREND: (UP) OPEN INTEREST/DOWN VOLUME/UP (STEADY)
TRADED: (UP)-UPSIDE NTREND-NET BUYING-RESISTANCE BELOW 1195
TARGETS:1128(1161-1195)1230 CMS-FLAT LONG/NONCMS-FLAT SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.27MMT.
TREND: (UP)MORE OPEN INTEREST/DOWN VOLUME/UP (GAINED)
TRADED: (UP)-ON TREND-NET BUYING-RESISTANCE MID(RANGE)
TARGETS: 537(560-584)608 COMS-LESS LONG/NONCOMS-LESS SHORT

CADUSD (D6M24)/JUN:
TREND: (UP) OPEN INTEREST/UP VOLUME/UP (GAINED)
TRADED: (DOWN)-ON TREND-NET SELLING-SUPPORT@7342
TARGETS: 7257(7342-7378)7464 CMS-FLAT LONG/NCMS-FLAT SHORT

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