Wednesday, April 03, 2024

major grains-cadusd-trends-traded-targets-apr03/2024-wed.

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 (ZCK24)MAY: WORLD FINAL STOCKS-23/24-UP/18.01MMT.
TREND: (DOWN) OPEN INTEREST/DOWN VOLUME/DOWN-(LOST)
TRADED: (FLAT)-BELOW TREND-NET BUYING-/SUPPPORT@426
TARGETS: 408(428-449)470 COMS-MORE LONG/NONCMS-MORE SHORT

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.12MMT
TREND: UP(LESS) OPEN INTEREST/UP VOLUME/FLAT-(LOST)
TRADED: (DOWN)-ON TREND-NET BUYING-MID(RANGE)
TARGETS 1131(1161-1195)1230 CMS-MORE LONG/NCMS-MORE SHORT

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-23/24-DOWN/12.27MMT
TREND: (UP)LESS OPEN INTEREST/DOWN VOLUME/DOWN-(STEADY)
TRADED: (DOWN)-BELOW TREND-NET BUYING-/RESISTANCE@560
TARGETS: 514(537-560)584 CMS-MORE LONG/NONCMS-MORE SHORT

CADUSD (D6M24)/JUN:
TREND: (DOWN) OPEN INTEREST/DOWN VOLUME/DOWN (GAINED)
TRADED: UP-ON TREND-NET BUYING-SUPPORT@7378
TARGETS: 7292(7378-7464)7550 CMS-MORE-LONG/NCMS-MORE SHORT

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