major grains-trends-traded-targets-may24/2024-fri

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) OPEN INTEREST/DOWN VOLUME/FLAT LOST/MOMENTUM
TRADED: (FLAT)-ABOVE TREND-NET BUYING-MET RESISTANCE@465
TARGETS: 424(444-465)487  COMS-MORE LONG/NONCOMS-NOW SHORT

SOYS (ZSN24)JUL: WORLD ENDING STOCKS-23/24-UP/11.25MMT
TREND: (UP) OPEN INTEREST/DOWN VOLUME/DOWN LOST/MOMENTUM
TRADED: (FLAT)-ON TREND-BUYING-MET RESISTANCE(MID RANGE)
TARGETS: 1206(1241-1276)1311 C'MS-LESS LONG/NONC'MS-LESS SHORT

WHEAT (ZWN24)JUL: WORLD ENDING STOCKS-23/24-DOWN/12.62MMT.
TREND: (UP) OPEN INTEREST/FLAT VOLUME/FLAT LOST MOMENTUM
TRADED: (UP) OFF TREND-NET SELLING-MET RESISTANCE(MID RANGE)
TARGETS: 658(684-718)736 COMS-MORE LONG/NONCOMS-MORE SHORT

CADUSD (D6M24)/JUN:
TREND: (UP;) OPEN INTEREST/UP VOLUME/DOWN STEADY/MOMENTUM
TRADED: (UP)-ON TREND-BUYING-MET RESISTANCE@7342
TARGETS: 7171(7257-7342)7429 C'MS-MORE LONG/NONC'MS MORE SHORT