MAJOR GRAINS+CAD/USD-TREND ANALYSIS-DEC18/2019-WED

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS-LINES UP: JOINING DISTINCT HIGHER LOWS.-LINES DOWN: JOINING DISTINCT LOWER HIGHS 
TRADED: DIRECTION-ACTIVITY-MOMENTUM, (HI/LO PRICE RANGE)-TRENDS-TARGETS
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCH20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 1.17MMT
TRENDS: PRICE-UP/STEEP. OPEN INTEREST-FLAT. VOLUME-DOWN. LONG TERM RANGE (352-473)
TRADED DOWN-NET SELLING-STEADY MOMENTUM-ASIDE TREND-MAJOR RESISTANCE@387-TOPPY  
TARGETS/(352 (369-387) 405)/NET COMMITMENT-HEDGERS FLAT SHORT/TRADERS MORE SHORT 

SOYS (ZSH20)-DAY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 1.18MMT 
TRENDS: PRICE UP. OPEN INTEREST-DOWN. VOLUME DOWN. LONG TERM RANGE (791-1067) 
TRADED FLAT-BUYING-LOST MOMENTUM-ON TREND-LOWER HIGH/CLOSE-LOOKS TOPPY ABOVE 932  
TARGETS/(875 (903-932) 960)/NET COMMITMENT-HEDGERS MORE LONG/TRADERS MORE SHORT

WHEAT (ZWH20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.57MMT 
TRENDS: PRICE-UP. OPEN INTEREST-UP. VOLUME-UP/LESS. LONG TERM RANGE (387-593). 
TRADING FLAT-SELLING-LOST MOMENTUM-ON TREND-CLOSED BELOW MAJOR RESISTANCE@550    
TARGETS/(520 (540-561) 581)/NET COMMITMENT-HEDGERS FLAT SHORT/TRADERS FLAT LONG

DOLLAR (D6H20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE (6809-8295)
TRADING UP-BUYING-GAINED MOMENTUM-ABOVE TREND-UPWARD DRIFT-MAJOR RESISTANCE@7634 
TARGETS/(7634-7552) 7469)/NET COMMITMENT-HEDGERS MORE SHORT/TRADERS FLAT LONG