Monday, April 22, 2024

major grains-cadusd-trends-traded-targets-apr22/2024-mon

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/UP (GAINED)
TRADED: (UP)-ON TREND-NET BUYING-RESISTANCE@560
TARGETS: 585(560-537)513 C'S-MORE LONG/NC'MS-MORE SHORT

SOYS (ZSN24)JUL: WORLD FINAL STOCKS-23/24-UP/12.91MMT
TREND: (DOWN) OPEN INTEREST/UP VOLUME/UP (GAINED)
TRADED: (UP)-ON TREND-NET BUYING-RESISTANCE@1204
TARGETS: 1240(1204-1170)1135 C'S-MORE LONG/NC'S-MORE SHORT

WHEAT (ZWN24)JUL:
WORLD FINAL STOCKS-23/24-DOWN/12.73MMT.
TREND: (DOWN) OPEN INTEREST/UP VOLUME/UP (GAINED)
TRADED: (UP)-ABOVE TREND-NET BUYING-TESTED 590
TARGETS: 640(615-590)566 C'S-MORE LONG/NC'S-MORE SHORT

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST/DOWN VOLUME/DOWN (GAINED)
TRADED: (UP)-ABOVE TREND-BUYING-RESISTANCE@7342
TARGETS: 7429(7342-7257)7171 C'S-MORE LONG/NC'S-MORE SHORT

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