Major Grains-cadusd-Trends/Traded/Targets-Jul09/2020-Thur

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

CORN (ZCU20). LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 0.82MMT
TRENDS: PRICE UP/LESS-OPEN INTEREST DOWN -VOLUME DOWN -LONG TERM RANGE (473-302)
TRADED: UP-ABOVE TREND-MET RESISTANCE@PREVIOUS HIGHS-CLOSE BELOW 350-CONSOLIDATION.   
TARGETS: (315 (333-350) 368)/COMMITMENTS-HEDGERS LESS NET LONG/FUNDS LESS NET SHORT.

SOYS (ZSX20). LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN-2.13MMT 
TRENDS: PRICE UP/SHORT TERM-OPEN INTEREST UP -VOLUME FLAT -LONG TERM RANGE (1067-791).
TRADED: UP-ON TREND/889-ESCALATED-SELLING-MET MEASURED RESISTANCE-CLOSE UP-BELOW TOP. 
TARGETS: (831 (860-889) 917)/COMMITMENTS-HEDGERS MORE NET SHORT/FUNDS MORE NET LONG

WHEAT (ZWU20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 0.22MMT 
TRENDS: PRICE UP/STEEP-OPEN INTEREST FLAT -VOLUME FLAT -LONG TERM (593-387). 
TRADED: MOVE UP-ON TREND-CLOSED UP ABOVE 520 DEESCALATED-BUYING-RESISTANCE@HIGHS.  
TARGETS: (471 (495-520) 544/COMMITMENTS-HEDGERS NET LONG FLAT/FUNDS NET SHORT FLAT

DOLLAR (D6U20) CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE UP -OPEN INTEREST UP/FLAT -VOLUME FLAT -LONG TERM-(8295-6809)
TRADED: MOVE UP-ON TREND-RESISTANCE@7398-DEESCALATED SELLING-CLOSE DOWN.
TARGETS: (7232 (7315-7398) 7480)/COMMITMENTS-HEDGERS LESS NET LONG/FUNDS NET FLAT