Thursday, March 21, 2024

major grains-cadusd-trends-trading-targets-mar21/2024-thur.

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

CORN (ZCK24)MAY: WORLD ENDING STOCKS-23/24-UP/18.01MMT.
TREND: (UP) OPEN INTEREST-FLAT VOLUME-UP MORE/MOMENTUM.
TRADED: (UP)-ON TREND-NET SELLING-RESISTANCE MID(RANGE)
TARGETS: 412(432-453)474 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: (UP)-ON TREND-NET SELLING-RESISTANCE@1230.
TARGETS: 1161(1195-1230)1265 CMS-LESS LONG/NNCOMS-LESS SHORT..

WHEAT (ZWK24)MAY: WORLD ENDING STOCKS-23/24-UP/12.27MMT.
TREND: (DOWN) OPEN INTEREST-UP VOL-DOWN-LESS MOMENTUM.
TRADED: (FLAT)-ABOVE TREND-IN OFFSET-TESTED RESISTANCE@547.
TARGETS: 571(547-523)500 COMS-MORE LONG/NONCOMS-MORE SHORT.

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

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