major grains-cadusd-trends-traded-targets-may17/2024-friday

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) OPEN INTEREST/UP VOLUME/DOWN MOMENTUM/FLAT
TRADED: (MOVE DOWN)-ON TREND-SELLING-SUPPORT MID(RANGE) 
TARGETS: 424(444-465)487 COM-LESS LONG/NONCOM-NOW LONG

SOYS (ZSN24)JUL: WORLD ENDING STOCKS-23/24-UP/11.25MMT
TREND: (UP) OPEN INTEREST/UP VOLUME/DOWN MOMENTUM/GAINED
TRADED: (UP)-ON TREND-SELLING-MET RESISTANCE MID(RANGE)
TARGETS: 1171(1204-1241)1276 COM-MORE LONG/NONCOM-MORE SHORT

WHEAT (ZWN24)JUL: WORLD ENDING STOCKS-23/24-DOWN/12.62MMT.
TREND: ((UP) OPEN INTEREST/FLAT VOLUME/FLAT MOMENTUM/GAINED
TRADED: (DOWN)-ON TREND-SELLING-MET SUPPORT BELOW 658
TARGETS: 583(608-658)686 COM-LESS LONG/NONCOM-LESS SHORT

CADUSD (D6M23)/JUN:
TREND: (UP) OPEN INTEREST/UP VOLUME/DOWN MOMENTUM/FLAT
TRADED: (FLAT)-ON TREND-FLAT-MET SUPPORT@7342
TARGETS: 7257(7342-7429) COM/MORE LONG/NONCOM-MORE SHORT