Saturday, March 16, 2024

major grains-cadusd-trends-traded-targets-mar15/2024-fri.

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

CORN (ZCK24)MAY: WORLD FINAL STOCKS-23/24-UP/18.01MMT.
TREND: (UP)SHARP OPEN INTEREST-DOWN VOLUME-FLAT.
TRADED: DOWN-OFF TREND-SUPPORT@432-STEADY/MOMENTUM..
TARGETS: 412(432-453)474 CMS-LESS LONG/NONCOMS-LESS SHORT.

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.12MMT
TREND: UP(SHARP) OPEN INTEREST-DOWN VOLUME-UP
TRADED: FLAT-ABOVE TREND-SELLING-RESISTANCE@1195-STEADY-.
TARGETS: 1128(1161-1195)1230 CMS-LESS LONG/NONCMS-LESS SHORT..

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-23/24-/12.27MMT.
TREND: DOWN(MODERATE) OPEN INTEREST-UP VOLUME-DOWN.
TRADED: DOWN-BELOW TREND-NET SELLING-SUPPORT@523-LOST-.
TARGETS: 500(523-547)571 COMS-MORE LONG/NONCMS-MORE SHORT.

CADUSD (D6M24)/JUN:(NEW)
TREND: (DOWN)GRADUAL OPEN INTEREST-UP VOLUME-FLAT.
TRADED: DOWN-ABOVE TREND-NET SELLING-RESISTANCE@7429-LOST-.
TARGETS: 7515(7429-7342)7257 CMS-MORE LONG/NONCMS-MORE-SHORT.

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