Friday, March 29, 2024

major grains-cadusd-trends-traded-targets-mar28/2024-thur.

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

CORN (ZCK23)4AY: WORLD ENDING STOCKS-23/24-UP/18.01MMT.
TREND: (FLAT CONSOLIDATION) OPEN INTEREST/UP VOLUME/UP
TRADED: (FLAT)-NET BUYING-CLOSE ABOVE RESISTANCE@440.
TARGETS: 412(430-440)453 COMS-LESS LONG/NONCOMS-LESS SHORT.

SOYBEANS (ZSK24)MAY: WORLD ENDING STOCKS-23/24-UP/12.12MMT
TREND: (UP) OPEN INTEREST/DOWN VOLUME/UP GAINED MOMENTUM.
TRADED: (FLAT)-ON TREND-OFFSET BUYING-RESISTANCE@1195.
TARGETS: 1128(1161-1195)1230 CMS-LESS LONG/NNCMS-LESS SHORT. -.

WHEAT (ZWK24)MAY: WORLD ENDING STOCKS-23/24-UP/12.27MMT.
TREND: (UP) OPEN INTEREST/DOWN VOLUME/UP GAINED MOMENTUM.
TRADED: UP-ON TREND-NET BUYING-TESTED RESISTANCE@561 .
TARGETS: 5515(538-561)609 COMS-MORE LONG/NONCOMS-MORE SHORT.

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST/DOWN VOL/UP GAINED MOMENTUM
TRADED: UP-ABOVE TREND-NET BUYING-SUPPORT ABOVE 7342.
TARGETS: 7515(7429-7342)7257 CMS-MORE LONG/NNCMS-MORE SHORT.

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