MAJOR GRAINS+CADUSD-TREND LINES/TRADING-JUN16/2020

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TREND LINES UP: JOIN DISTINCT HIGHER LOWS-TREND LINES DOWN: JOIN DISTINCT LOWER HIGHS 
TRADING: DIRECTION-TREND-TARGET-VOLATILITY=LENGTH-HI/LO PRICE RANGE-ACTIVITY
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCN20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 0.82MMT
TREND LINES: PRICE-UP/GRADUAL, OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE-(473-302)
TRADED: UP-ABOVE TREND LINE-MET SUPPORT@327-MORE VOLATILITY-NET SELLING-CLOSED FLAT.   
TARGETS: (309 (327-344) 362)/COMMITMENTS-HEDGERS MORE NET LONG/FUNDS MORE NET SHORT.

SOYS (ZSN20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-DOWN-2.13MMT 
TREND LINES: PRICE-UP/LESS. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE-(1067-791).
TRADED: UP-ON TREND LINE@873-STEADY VOLATILITY-SELLING-MET RESISTANCE@PREVIOUS HIGHS. 
TARGETS: (821 (850-878) 907)/COMMITMENTS-HEDGERS MORE NET SHORT/FUNDS MORE NET LONG

WHEAT (ZWN20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 0.22MMT 
TREND LINES: PRICE-DOWN. OPEN INTEREST-UP. VOLUME DOWN. LONG TERM-(593-387). 
TRADED: DOWN-ON TREND-MET BUYING@494-MORE VOLATILITY-NET SELLING-CLOSED DOWN.  
TARGETS: (472 (494-516) 561)/COMMITMENTS-HEDGERS MORE NET LONG/FUNDS LESS NET LONG

DOLLAR (D6U20)/NEW CAD/USD : DAY LIMIT $4.00                    
TREND LINES: PRICES UP. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADING: FLAT-ON TREND LINE-MET RESISTANCE@7398-LESS VOLATILITY-CLOSED FLAT.
TARGETS: (7232 (7315-7398) 7480)/COMMITMENTS-HEDGERS LESS NET LONG/FUNDS LESS NET SHORT