Tuesday, May 14, 2024

major grains-cadusd-trends-traded-targets-may14/2024-tues.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS
TRADED: (MOVE)-ACTIVITY-TRENDLINE-TARGET-MOMENTUM
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZCN24)JUL: WORLD ENDING STOCKS-23/24-UP/12.17MMT.
TREND: (UP) OPEN INTEREST/DOWN VOLUME/UP LOST/MOMENTUM
TRADED: (FLAT)-ON TREND-NET SELLING-MET SUPPORT@467
TARGETS: 446(467-488)510 COMM-LESS LONG/NONCOMM-LESS SHORT

SOYS (ZSN24)JUL: WORLD ENDING STOCKS-23/24-UP/16.72MMT
TREND: (DOWN) OPEN INTRST/FLAT VOL/DOWN GAINED/MOMENTUM
TRADED: (DOWN)-BELOW TREND-NET SELLING-SUPPORT@1206
TARGETS: 1171(1206-1291)1276 COM-LESS LONG/NONCOM-LESS SHORT.

WHEAT (ZWN24)JUL: WORLD ENDING STOCKS-23/24-DOWN/12.62MMT.
TREND: (UP) OPEN INTEREST/FLAT VOLUME/UP LOST/MOMENTUM
TRADED: (UP)-UPSIDE TREND-NET SELLING-TESTED RESISTANCE@684
TARGETS: 632(658-684)718 COM-LESS LONG/NONCOM-LESS SHORT

CADUSD (D6M24)/JUN:
TREND: (UP) OPEN INTEREST/DOWN VOL/DOWN GAINED MOMENTUM
TRADED: (FLAT)-ABOVE TREND-NET BUYING-MET RESISTANCE@7342
TARGETS: 7171(7257-7342)7429 COM-MORE LONG/NONCOM-MORE SHORT

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