Wednesday, March 06, 2024

major grains-cadusd-trends-traded-targets-mar06/2024-wed.

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

CORN (ZCK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/3.16MMT.
TREND: (DOWN) OPEN INTEREST-DOWN VOL-DOWN STEADY MOMENTUM.
TRADED: MOVE FLAT-ABOVE TREND-MET RESISTANCE@429-NET BUYING..
TARGETS: 450(429-408)388 COMS-LESS LONG/NON COMS-LESS SHORT.

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-JAN/FEB-UP/1.43MMT
TREND: (DOWN) OPEN INTEREST/DOWN VOL-DOWN STEADY MOMENTUM.
TRADED: DOWN-ABOVE TREND-RESISTANCE MID(RANGE)-BUYING.
TARGETS: 1201(1170-1135)1102 CMS-MORE LONG/NONCMS-MORE SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-JAN/FEB-DOWN/0.59MMT.
TREND: (DOWN) OPEN INTEREST-UP VOLUME-UP ,GAINED MOMENTUM.
TRADED: DOWN-ON/DOWNSIDE TREND-SELLING-TESTED MID (RANGE).
TARGETS: 571(547-524)501 COMS-LESS LONG/NONCOMS-LESS SHORT.

CADUSD (6CH4)/MAR:
TREND: (DOWN) OPEN INTEREST-UP VOLUME-UP GAINED MOMENTUM.
TRADED: UP-ON TREND-BUYING-DOWNSIDE RESISTANCE@7429.
TARGETS: 7515(7429-7343)7251 CMS-SHORT/NONCMS-MORE SHORT..

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