Wednesday, March 27, 2024

major grains-cadusd-trends-traded-targets-mar27/2024-wed.

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 (ZWC24)MAY: WORLD ENDING STOCKS-23/24-UP/18.01MMT.
TREND: (DOWN)NEW OPEN INT/DOWN VOL/FLAT-LESS MOMENTUM.
TRADED: (DOWN)-ON TREND-SELLING-MET/TESTED SUPPORT@428.
TARGETS: 471(449-428)408 COMS-LESS LONG/NONCOMS-LESS SHORT.

SOYBEANS (ZSK24)MAY: WORLD ENDING STOCKS-23/24-UP/12.12MMT.
TREND: (UP) OPEN INTEREST/DOWN VOL/DOWN.LESS MOMENTUM.
TRADED: (DOWN)-ABOVE TREND-NET SELLING-UPPER(1201-1169).
TARGETS: 1236_1201-1169)1135 COMS-LESS LONG/NNCMS-LESS SHORT.

WHEAT (ZWK24)MAY: WORLD ENDING STOCKS-23/24-DOWN/12.21MMT.
TREND: (DOWN) OPEN INTEREST/DOWN VOL/DOWN LESS MOMENTUM.
TRADED: (DOWN)-ABOVE TREND-NET BUYING-RESISTANCE@547
TARGETS: 571(547-523)500 COMS-MORE LONG/NONCOMS-MORE SHORT.

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST/DOWN VOL/DOWN MOMENTUM-UP.
TRADED:  (DOWN)-ABOVE TREND-NET BUYING@PREVIOUS LOWS/7339
TARGETS: 7515(7425-7339)7253 CMS-MORE LONG/NNCMS-MORE SHORT..

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