Tuesday, April 23, 2024

major grains-cadusd-trends-traded-targets-apr23/2024-tues

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 (LOST)
TRADED: (FLAT)-ABOVE TREND-NBUYING-MET RESISTANCE@652
TARGETS: 685(660-635)609 C'MS-MORE LONG/NCM'S-MORE SHORT

SOYS (ZSN24)JUL: WORLD FINAL STOCKS-23/24-UP/12.91MMT
TREND: (DOWN) OPEN INTEREST/UP VOLUME/DOWN (LOST)
TRADED: (UP)ABOVE TREND-BUYING-TESTED RESISTANCE@1275
TARGETS: 1347(1311-1275)1240 NCM'S-MORE LONG/NCM'S-MORE SHORT

WHEAT (ZWN24)JUL: WORLD FINAL STOCKS-23/24-DOWN/12.73MMT.
TREND: (UP)/STEEP OPEN INTEREST/UP VOLUME/DOWN (LOST)
TRADED: (UP)-ON TREND-NET BUYING-MET RESISTANCE@602
TARGETS: 554(578-602)626 C'MS-MORE LONG/NCM'S-MORE SHORT

CADUSD (D6M24)/JUN:
TREND: (UP) OPEN INTEREST/DOWN VOLUME/UP (STEADY)
TRADED: (UP)-ABOVE TREND-NET BUYING-7292 AS SUPPORT
TARGETS: 7209(7292-7378)7464 C'MS-MORE LONG/NC'MS-MORE SHORT

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