Wednesday, May 01, 2024

major grains-cadusd-trends-traded-targets-may01/2024-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 (ZCN24)JUL: WORLD ENDING STOCKS-23/24-UP16.09MMT.
TREND: (FLAT MOVE)) OPEN INTEREST/UP VOLUME/DOWN (GAINED)
TRADED: (FLAT)-IN MOVE-NET BUYING-RESISTANCE@554
TARGETS: 509(531-554)578 C'MS-LESS LONG/NCM'S-LESS SHORT

SOYS (ZSN24)JUL: WORLD ENDING STOCKS-23/24-UP/12.91MMT
TREND: (UP)LESS OPEN INTEREST/DOWN VOLUME/DOWN (LOST)
TRADED: (DOWN)-ABOVE TREND-NET BUYING-RESISTANCE@1171
TARGETS: 1101(1137-1171)1206 CM'S-LESS LONG/NCM'S-LESS SHORT 

WHEAT (ZWN24)JUL: WORLD ENDING STOCKS-23/24-DOWN/12.73MMT.
TREND: (DOWN) OPEN INTEREST/DOWN VOLUME/DOWN (GAINED)
TRADED: (FLAT-ON TREND)-NET SELLING-SUPPORT@590   
TARGETS: 640(615-590)566 C'MS-LESS LONG/NC'MS-LESS SHORT                                                                                                              
CADUSD (D6M24)/JUN:
TREND: (MOVE DOWN) OPEN INTEREST/UP VOLUME/DOWN (LOST)
TRADED: (FLAT)-MID MOVE-SELLING-SUPPORT MID(RANGE)
TARGETS: 7429(7342-7257)7171 CM'S-LESS LONG/NCM'S-LESS SHORT

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