Wednesday, April 17, 2024

trend analysis-major grains-cadusd-apr17/2024-wed

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS
TRADED: (MOVE)-TREND-TARGET-TRADED-(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/DOWN (LOST)
TRADED: (FLAT)-ON TREND/ABOVE SUPPORT@537-NET SELLING
TARGETS: 585(560-537)513 C'S-FLAT LONG/NONC'S-FLAT SHORT

SOYS (ZSN24)JUL: WORLD FINAL STOCKS-23/24-UP/12.91MMT
TREND: (DOWN) OPEN INTEREST/UP VOLUME/DOWN (LOST)
TRADED: (DOWN)-BELOW TREND/RESISTANCE@1170-NET SELLING
TARGETS: 1204(1170-1135)1101 C'S-FLAT LONG/NC'S-FLAT SHORT

WHEAT (ZWN24)JUL: WORLD FINAL STOCKS-23/24-DOWN/12.73MMT.
TREND: (DOWN) OPEN INTEREST/UP VOLUME/FLAT (GAINED)
TRADED: (DOWN)-ON TREND-SUPPORT MID(RANGE)-SELLING
TARGETS: 590(566-532)509 C'S-LESS LONG/NONC'S-LESS SHORT

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST/UP VOLUME/DOWN (STEADY)
TRADED: (UP)-ON TREND-RESISTANCE@7257-BUYING
TARGETS: 7342(7257-7171)7088 C'S-MORE LONG/NC'S-MORE SHORT

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