major grains-cadusd-trends-traded-targets-may16/2024-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 (ZCN24)JUL: WORLD ENDING STOCKS-23/24-UP/12.17MMT.
TREND: (UP)LESS  OPEN INT/DOWN VOL/DOWN LOST/MOMENTUM
TRADED: (DOWN)-ON TREND-NET SELLING-RESISTANCE MID(RANGE)
TARGETS: 424(444-465)487 COMM-LESS LONG/NONCOMM-LESS SHORT

SOYS (ZSN24)JUL: WORLD ENDING STOCKS-23/24-UP/11.25MMT
TREND: (UP)LESS OPEN INT/FLAT VOL/DOWN LOST/MOMENTUM
TRADED: (FLAT)-ON TREND-NET BUYING-RESISTANCE MID(RANGE)
TARGETS: 1171(1206-1241)1296 COM-LESS LONG/NONCOM-LESS SHORT

WHEAT (ZWN24)JUL: WORLD ENDING STOCKS-23/24-DOWN/12.62MMT.
TREND: (UP)SHARP OPEN INT/FLAT VOL/DOWN LOST/MOMENTUM
TRADED: (DOWN)-ON TREND-SELLING-SUPPORT@658
TARGETS: 608(632-658)684 COMM-LESS LONG/NONCOMM-LESS SHORT

CADUSD (D6M24)/JUN:
TREND: (UP) OPEN INT/DOWN VOL/DOWN LOST MOMENTUM
TRADED: (FLAT)-ABOVE TREND-SELLING-RESISTANCE@7342
TARGETS: 7171(7257-7342)7429 COM-MORE LONG/NONCOM-MORE SHORT