Major Grains+CADUSD-Trends Analysis-Oct23/2020-Friday

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 UP-OPEN INTEREST UP(SHARP)-VOLUME DOWN-LONG TERM RANGE (302-473)

TRADING: HIGHER-OVERBOUGHT TREND-422 AS RESISTANCE-DEESCALATED-NET BUYING-CLOSE UP.  

TARGETS: (382 402-422) 442)/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 UP/(SHARP)-OPEN INTEREST UP-VOLUME UP-LONG TERM RANGE (791-1079).
TRADING: HIGHER-TESTED TREND-MET RESISTANCE 1108 AREA-ESCALATED-NET BUYING-CLOSE UP. 

TARGETS: (1011 (1043-1075) 1108)/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 UP/(SHARP)-OPEN INTEREST UP-VOLUME UP-LONG TERM RANGE (387-616). 
TRADING: HIGHER-UPSIDE TREND-RESISTANCE@635 HELD-ESCALATED-NET BUYING-CLOSE UP.  

TARGETS: (585 (609-635) 660)/NET COMMITMENTS: USERS MORE SHORT/FUNDS MORE LONG

DOLLAR (D6Z20): DAY LIMIT $4.00                    
TRENDS: PRICE DOWN-OPEN INTEREST UP-VOLUME FLAT-LONG TERM RANGE-(8295-6809)
TRADING:HIGHER-TREND AS RESISTANCE@7646/PREVIOUS HIGHS-STEADY-NET SELLING-CLOSE DOWN.

TARGETS: (7480 (7563-7646) 7729)/COMMITMENTS:USERS MORE SHORT/FUNDS MORE LONG