Thursday, April 04, 2024

major grains-cadusd-trends-traded-targets-apr05/2024-thur.

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: (UP) OPEN INTEREST/DOWN VOLUME/DOWN (LOST)
TRADED: (UP)-ON TREND-NET BUYING-SUPPORT@429.
TARGETS: 408(429-449)470 CMS-MORE LONG/NONCOMS-MORE SHORT

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/21.46MMT
TREND: (UP)(LESS) OPEN INTEREST/DOWN VOLUME/DOWN (LOST)
TRADED: (UP)-ON TREND-NET OFFSET SELLING-MID(1161-1195)
TARGETS: 128(1161-1195)1230 CMS-LESS LONG/NCMS-LESS SHORT.

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.27MMT.
TREND: (UP)(LESS) OPEN INTEREST.DOWN VOLUME/UP (LOST)
TRADED: (UP)-ON TREND-OFFSET BUYING-MET RESISTANCE@560
TARGETS: 514(537-560)584 CMS-MORE LONG/NCMS-MORE SHORT

CADUSD (D6M24)/JUN:
TREND: (UP) OPEN INTEREST/DOWN VOLUME/UP (STEADY)
TRADED: UP-ABOVE TREND-NET SELLING-SUPPORT@7378.
TARGETS: 7292(7378-7464)7550 CMS-(+) LONG/NONCMS-(+)SHORT

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