Major Grains+CADUSD-Trends Analysis-Oct28/2020-Wed

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)-2020/21-DOWN 6.2MMT
TRENDS: PRICE DOWN?(STEEP)-OPEN INTEREST UP-VOLUME UP-LONG TERM RANGE (302-473)

TRADING: DOWN-ON TREND-MET SUPPORT@402-ESCALATED-SELLING-CLOSE DOWN-MAKING A TOP.  

TARGETS: (422 (402-382) 362)/NET COMMITMENTS-USERS MORE SHORT/FUNDS MORE LONG

SOYS (ZSF21). LIMIT $0.60/BU-WORLD ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 4.89MMT 
TRENDS: PRICE DOWN/(STEEP)-OPEN INTEREST DOWN/(NOV)-VOLUME UP-LONG TERM (791-1079).
TRADING: DOWN-ON TREND-MET SUPPORT@1055-ESCALATED-SELLING-CLOSE DOWN-MAKING A TOP. 

TARGETS: (1088 (1055-1023) 991)/NET COMMITMENTS: USERS MORE SHORT/FUNDS MORE LONG.

WHEAT (ZWZ20): LIMIT $0.40/BU WORLD ENDING STOCKS/(LESS CHINA)-2020/21-UP 1.58MMT 
TRENDS: PRICE DOWN/(SHARP)-OPEN INTEREST UP-VOLUME FLAT-LONG TERM RANGE (387-616). 
TRADING: MOVE DOWN-ON TREND-TESTED 613-ESCALATED-NET BUYING (MID RANGE)-CLOSE DOWN.  

TARGETS: (638 (613-588) 564)/NET COMMITMENTS: USERS MORE SHORT/FUNDS MORE LONG

DOLLAR (D6Z20): DAY LIMIT $4.00                    
TRENDS: PRICE DOWN-OPEN INTEREST UP/(LESS)-VOLUME UP/DAY-LONG TERM RANGE-(8295-6809)
TRADING:DOWN-BELOW TREND-TESTED SUPPORT/CLOSED@7522-ESCALATED-SELLING-CLOSE DOWN.

TARGETS: (7697 (7509-7522) 7435)/COMMITMENTS:USERS MORE SHORT/FUNDS MORE LONG