Major Grains-CADUSD-Trends Analysis-NOV09/2020-Monday

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-VOLUME FLAT-LONG TERM RANGE (302-473)

TRADING: DOWN-NET BUYING-ABOVE TREND-MET SUPPORT@402-MORE MOMENTUM-CLOSE UP 

TARGETS: (382 (402-423) 442)/NET COMMITMENTS-USERS LESS SHORT/FUNDS LESS LONG

SOYS (ZSF21). LIMIT $0.60/BU-WORLD ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 4.89MMT 
TRENDS: PRICE UP/(SHARP)-OPEN INTEREST DOWN-VOLUME DOWN-LONG TERM RANGE(791-1112).
TRADING: UP-NET BUYING-DOWNSIDE-TREND/1120-MORE MOMENTUM-CLOSE UP-POSSIBLE TOP 

TARGETS: (1055 (1088-1120) 1154)/NET COMMITMENTS: USERS LESS SHORT/FUNDS LESS LONG.

WHEAT (ZWZ20): LIMIT $0.40/BU WORLD ENDING STOCKS/(LESS CHINA)-2020/21-UP 1.58MMT 
TRENDS: PRICE DOWN/(LESS)-OPEN INTEREST LOWER-VOLUME UP-LONG TERM RANGE (387-616). 
TRADING: DOWN-NET SELLING-ON DOWNSIDE TREND-BELOW 613-LESS MOMENTUM-LOWER CLOSE.  

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

DOLLAR (D6Z20): DAY LIMIT $4.00                   
TRENDS: PRICE UP(STEEP)-OPEN INTEREST UP-VOLUME FLAT-LONG TERM RANGE-(8295-6809)
TRADING: MOVE UP-NET BUYING-TESTED/CLOSED UP ABOVE TREND/7697-MORE MOMENTUM.
TARGETS: (7697 (7609-7522) 7435)/COMMITMENTS:USERS LESS LONG/FUNDS FLAT SHORT