major grains-cadusd-trends-traded-targets-may07/2024-tues

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/16.09MMT.
TREND: (UP) O/I-DOWN VOL-DOWN  MOMENTUM-LOST
TRADED: (UP)-STEEP ABOVE TREND-SELLING-SUPPORT@465
TARGETS: 444(465-487)509 C'S-LESS LONG/NC'SLESS SHORT

SOYS (ZSN24)JUL: WORLD ENDING STOCKS-23/24-UP/12.91MMT
TREND: (UP) O/I-UP VOL-DOWN MOMENTUM-LOST 
TRADED: (UP)-STEEP ABOVE TREND-SELLING-SUPPORT@1241
TARGETS: 1206(1241-1276)1312 C'S-MORE LONG/NC'S-MORE SHORT.

WHEAT (ZWN24)JUL: ENDING STOCKS-23/24-DOWN/12.73MMT.
TREND: (UP) O/I-DOWN VOL/DOWN MOMENTUM-LOST
TRADED: UP-STEEP ABOVE TREND-SELLING-SUPPORT@632
TARGETS: 602(632-658)684 C'S-LESS LONG/NC'S-LESS SHORT

CADUSD (D6M24)/JUN:
TRENDS: (DOWN) O/I-DOWN VOL-DOWN MOMENTUM-GAINED
TRADED: (DOWN)-ON TREND-SELLING-RESISTANCE@7342-
TARGETS:7429(7342-7257)7171 C'MS-LESS LONG/NCM'S-LESS SHORT.