Monday, March 18, 2024

major grains-cadusd-trends-traded-targets-mar18/2024-mon.

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: (FLAT) OPEN INTEREST-DOWN VOLUME-DOWN LOST-.
TRADED: FLAT-ON TREND-NET SELLING-RESISTANCE-MID(RANGE).
TARGETS: 412(432-453)474 COMS-LESS LONG/NONCOMS-LESS SHORT.

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.12MMT.
TREND:( UP)STEEP OPEN INTEREST-FLAT VOLUME-DOWN
TRADED: UP-ON TREND-NET SELLING-RESISTANCE@1230-STEADY.
TARGETS: 1161(1195-1230)1265 CMS-LESS LONG/NONCMS-LESS SHORT.

WHEAT (ZWK24)MAY: WORLD FINNAL STOCKS-23/24-UP12.27/MMT.
TREND: (DOWN) OPEN INTEREST-UP  VOLUME-UP.
TRADED: UP-ON TREND-NET BUYING-RESISTANCE@547-GAINED-
TARGETS: 500(523-547)571 COMS-MORE LONG/NONCOMS-LESS LONG.

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

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