Monday, April 08, 2024

major grains-cadusd-trends-traded-targets-apr08/2024-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 (ZCK24)MAY: WORLD FINAL STOCKS-23/24-UP/12.27MMT.
TREND: (UP) OPEN INTEREST/DOWN VOLUME/DOWN-(LOST)
TRADED: (FLAT)-ON TREND-NET SELLING-TESTED SUPPORT@392.
TARGETS: 373(392-412)432 CMS-LESS LONG/NCMS-LESS SHORT

SOYBEANS (ZSK24)MAY: WORLD FINAL STOCKS-23/24-UP/18.01MMT
TREND: (UP) OPEN INTEREST/DOWN VOLUME/DOWN (LOST)
TRADED: (UP)-ABOVE TREND-NET SELLING-RESISTANCE NEAR 1195
TARGETS: 1128(1161-1195)1230 CMS-FLAT LONG-NCMS-FLST SHORT

WHEAT (ZWK24)MAY: WORLD FINAL STOCKS-23/24- UP/12.27MMT.
TREND: (UP) OPEN INTEREST.DOWN VOLUME/DOWN (LOST)
TRADED: (FLAT)-ON TREND-NET SELLING-MID(RANGE)
TARGETS: 537(560-584)608 COMS-LESS LONG/NONCOMS-FLAT SHORT,.

CADUSD (D6M 24)/JUN:
TREND: (UP) OPEN INTEREST/UP VOLUME/DOWN (LOST)
TRADED: (FLAT)-ON/DOWNSIDE TREND-RESISTANCE@7378.
TARGETS: 7209(7292-7378)7464 CMS-LESS LONG/NCMS-MORE SHORT

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