Tuesday, March 26, 2024

major grains-cadusd-trends-traded-targets-mar26/2024-tues.

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

CORN (ZCK24)MAY: WORLD ENDING STOCKS-23/24-UP/18.01MMT.
TREND: (UP) OPEN INTEREST/DOWN VOL/UP-MORE MOMENTUM.
TRADED: (DOWN)-DOWNSIDE TREND-SELLING-SUPPORT@432.
TARGETS: 392(412-432)453 COMS-LESS LONG/NONCMS-LESS SHORT.

SOYBEANS (ZSK24)MAY: WORLD ENDING STOCKS-23/24-UP/12.12MMT.
TREND: (UP)LESS OPEN INTEREST/DOWN VOL/FLAT LESS MOMENTUM.
TRADED: (FLAT)-ABOVE TREND-SELLING-SUPPORT@1195.
TARGETS: 1161(1195-1230)1265 CMS-LESS LONG/NONCMS-LESS SHORT.

WHEAT (ZWK24)MAY: WORLD ENDING STOCKS-23/24-UP/12.27MMT.
TREND: (DOWN) OPEN INTEREST/DOWN VOL/DOWN LESS MOMENTUM.
TRADED: (DOWN)-ABOVE TREND-SELLING-BELOW SUPPORT@547.
TARGETS: 571(547-523)500 CMS-MORE LONG/NONCMS-MORE SHORT.

CADUSD (6K4)/JUN:
TREND: (DOWN) OPEN INTEREST/UP VOL/DOWN LESS MOMENTUM.
TRADED: (UP)-ABOVE TREND-SELLING-CLOSE/ABOVE SUPPORT@7342..
TARGETS: 7515(7429-7342)7257 CMS-MORE LONG/NNCMS-MORE SHORT.

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