Tuesday, April 02, 2024

major grains-cadusd-trends-traded-targets-apr02/2024-tues.

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

CORN (ZCK24)MAY: WORLD FINAL STOCKS-23/24-UP/18.01MMT.
TREND: (DOWN) OPEN INTEREST/DOWN VOL/UP (GAINED)
TRADED: (DOWN)-BELOW TREND/SUPPORT@428-SELLING.
TARGETS: 449(428-407)387 CMS-MORE LONG/NONCMS-MORE SHORT.

SOYBEAN (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.12MMT
TREND: (UP) OPEN INTEREST/DOWN VOLUME/UP (GAINED)
TRADED: (DOWN)-DOWNSIDE TREND-MET SUPPORT@1169-SELLING.
TARGETS: 1236(1201-1169)1135 CMS-LESS LONG/NCOMS-LESS SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.27MMT.
TRENDS: (UP) OPEN INTEREST/UP VOLUME/UP (GAINED)
TRADED: (DOWN)-ON TREND-MET SUPPORT ABOVE 537-SELLING.
TARGETS: 514(537-560)584 COMS-FLAT LONG/NONCMS-MORE SHORT.

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST/UP VOLUME/DOWN (LOST)
TRADED: FLAT-ABOVE TREND-MID(7429-7342)-IN OFFSET.
TARGETS: 7515(7429-7342)7257 CMS-MORE LONG/NCMS-MORE-SHORT.

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