Monday, April 29, 2024

major grains-cadusd-trends-traded-targets-apr29/2024-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 ENDING STOCKS-23/24-UP/16.09MMT.
TREND: (MOVE FLAT) OPEN INTEREST/UP VOLUME/DOWN (GAINED)
TRADED: (DOWN)-LOW OF MOVE-BUYING-FROM SUPPORT@446/LOW
TARGETS: 425(446-455)468 C'MS-LESS LONG/NC'MS-LESS SHORT

SOYS (ZSN24)JUL: WORLD ENDING STOCKS-23/24-UP/12.91MMT
TREND: (UP) OPEN INTEREST/DOWN VOLUME/UP (GAINED)
TRADED: UP-ON TREND-NET BUYING-FROM SUPPORT ABOVE 1171
TARGETS: 1137(1171-1206)1241 C'MS-MORE LONG/NC'S-MORE SHORT

WHEAT (ZWN43)JUL: WORLD ENDING STOCKS-23/24-DOWN/12.73MMT.
TREND: (UP)STEEP OPEN INTEREST/FLAT VOLUME/FLAT (GAINED)
TRADED: (DOWN)-OFF TREND-NET SELLING-SUPPORT@602
TARGETS: 584(602-632)658 C'MS-LESS LONG/NC'MS-LESS SHORT

CADUSD (D6M24)/JUN:
TREND: (UP) OPEN INTEREST/DOWN VOLUME/DOWN (LOST)
TRADED: (FLAT)-ON TREND-NET SELLING-@LOW(RANGE)
TARGETS: 7209(7292-7378)7464 C'MS-LESS LONG/NC'MS-LESS SHORT

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