major grains-cadusd-trends-traded-targets-may15/.2024-wed

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

CORN (ZCN24)JUL: WORLD ENDING STOCKS-23/24-UP/12.17MMT.
TREND: (UP)LESS OPEN INT/DOWN VOL/DOWN-GAINED MOMENTUM
TRADED: (DOWN)-ON TREND-SELLING-TESTED/CLOSE BELOW 465
TARGETS: 424(444-465)487 COMM-LESS LONG/NONCOMM-LESS SHORT

SOYS (ZSN24)JUL: WORLD ENDING STOCKS-23/24-UP/11.25MMT
TREND: (UP)STEEP OPEN INT/DOWN VOL/DOWN LOST MOMENTUM
TRADED: (UP)-ON TREND-SELLING-MET SUPPORT/LOW(RANGE) 1246
TARGETS: 1171(1206-1241)1276 CM'S-LESS LONG/NCM'S-LESS SHORT.

WHEAT (ZWN24)JUL: WORLD ENDING STOCKS-23/24-DOWN/12.62MMT.
TREND: (UP)STEEP OPEN INT/FLAT VOL/DOWN GAINED MOMENTUM
TRADED: (DOWN)-ON TREND-SELLING-MET SUPPORT/LOW(RANGE)
TARGETS: 632(658-684)710 COMM-LESS LONG/NONCOMM-LESS SHORT

CADUSD (D6M24)/JUN:
TREND: (UP)MORE OPEN INT/DOWN VOL/UP GAINED MOMENTUM
TRADED: UP-ABOVE TREND-BUYING-TESTED/CLOSED ABOVE 7342
TARGETS: 7257(7342-7429)7585 C'M-MORE L0NG/NONC'M-MORE SHORT.