MAJOR GRAINS+CAD/USD-TREND ANALYSIS-DEC06/2019-FRI

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 6.07MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE (352-473)
TRADING DOWN-ABOVE TREND-BUYING-MOMENTUM/CLOSED FLAT-SUPPORT@PREVIOUS LOWS@377  
TARGETS/(405 (387-369) 352)/NET COMMITMENT-HEDGERS MORE SHORT/TRADERS LESS SHORT 

SOYBEANS (ZSF20) DAY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 0.01MMT 
TRENDS: PRICE-DOWN/LESS. OPEN INTEREST-UP/LESS. VOLUME UP. LONG TERM RANGE (791-1067) 
TRADING UP-BELOW ORIGINAL TREND-LOST MOMENTUM-CLOSED UP@889/RESISTANCE-MID RANGE 
TARGETS/(842 (875-903) 932)/NET COMMITMENT-HEDGERS NOW LONG/TRADERS NOW SHORT

WHEAT (ZWH20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 0.47MMT 
TRENDS: PRICE-UP. OPEN INTEREST-FLAT. VOLUME-DOWN. LONG TERM RANGE (387-593). 
TRADING FLAT-BELOW TREND-MOMENTUM-BUYING-CLOSED FLAT-SUPPORT@520/PREVIOUS HIGHS     
TARGETS/(500 (520-540) 561)/NET COMMITMENT-HEDGERS NOW SHORT/TRADERS MORE LONG

DOLLAR (D6Z19) CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM RANGE (6809-8295)
TRADED DOWN-ABOVE TREND-GAINED MOMENTUM-SELLING THROUGH/CLOSED BELOW 7552 
TARGETS/(7634 (7552-7469) 7387)/NET COMMITMENT-HEDGERS SHORT/TRADERS LONG-FLAT