Friday, April 19, 2024

major grains-cadusd-trend-traded-targets-apr19/2024-fri

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 (ZCN24)JUL: WORLD FINAL STOCKS-23/24-UP/16.09MMT.
TREND: (DOWN) OPEN INTEREST/UP VOLUME/DOWN(GAINED)
TRADED: (UP)-ALONG TREND-BUYING-FROM SUPPORT@537
TARGETS: 513(537-560)585 CMS-MORE LONG/N'CMS-MORE SHORT

SOYS (ZSN24)JUL: WORLD FINAL STOCKS-23/24-UP/12.91MMT
TREND: (DOWN) OPEN INTEREST/UP VOLUME/UP (GAINED)
TRADED: (UP)-CLOSE BELOW TREND-BUYING-RESISTANCE@1170
TARGETS: 1204(1170-1135)1101 CMS-MORE LONG/N'CMS-MORE SHORT

WHEAT (ZWN24)JUL: WORLD FINAL STOCKS-23/24-DOWN/12.73MMT.
TREND: (DOWN) OPEN INTEREST/UP VOLUME/DOWN (GAINED)
TRADED: (UP)-ON TREND-NET BUYING-TESTED RESISTANCE@566
TARGETS: 590(566-532)509 C'MS-MORE LONG/N'CMS-MORE SHORT

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST/FLAT VOLUME/UP (GAINED\)
TRADED: (FLAT)-ON TREND-NET BUYING-RESISTANCE MID(RANGE)
TARGETS: 7429(7342-7257)7171 C'MS-MORE LONG/N'CM MORE SHORT

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