Major Grains+CADUSD-Trends/Trading/Targets-Aug10/2020-Mon

 MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING

TRENDS UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS 

TRADED: DIRECTION-VERSUS TREND/TARGET-MOMENTUM(HI/LO PRICE RANGE)-CLOSE

TARGETS: PROJECTED/MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCZ20). LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 18.83MMT
TRENDS: PRICE DOWN/LESS-OPEN INTEREST UP -VOLUME UP-LONG TERM RANGE (473-302)

TRADED: UP-MOVE FLAT-OFF TREND-TESTED/CLOSED UP ABOVE 322-DEESCALATED-BUYING  

TARGETS: 358 (340-322) 304)/NET COMMITMENTS-USERS MORE LONG/FUNDS MORE SHORT

SOYS (ZSX20). LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN-2.13MMT 
TRENDS: PRICE DOWN-OPEN INTEREST-DRIFT UP-VOLUME FLAT-LONG TERM (1067-791).
TRADED: MOVE DOWN-ON TREND-BELOW 878-NET BUYING-CLOSED UP-@MEASURED SUPPORT. 

TARGETS: (907 (878-850) 821)/NET COMMITMENTS: USERS LESS SHORT/FUNDS LESS LONG.

WHEAT (ZWU20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 0.22MMT 
TRENDS: PRICE DOWN/STEEP-OPEN INTEREST FLAT-VOLUME UP-LONG TERM (593-387). 
TRADED: MOVE DOWN-ON TREND-MID(500-479)DEESCALATED-SELLING-@MEASURED SUPPORT.  

TARGETS: (541(520-500) 479)/NET COMMITMENTS: USERS FLAT LONG/FUNDS FLAT LONG

DOLLAR (D6U20): DAY LIMIT $4.00                    
TRENDS: PRICE UP/MAJOR-OPEN INTEREST DOWN-VOLUME FLAT-LONG TERM-(8295-6809)
TRADED: FLAT-BELOW TREND-TESTED/CLOSED ABOVE 7480-DEESCALATED-NET BUYING.

TARGETS: (7398 (7480-7563) 7646)/NET COMMITMENTS: USERS MORE LONG/FUNDS MORE SHORT.