Major Grains+CADUSD-Trends Analysis-Nov16/2020-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 (ZCH21) LIMIT $0.25/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 11.63MMT
TRENDS: PRICE UP-OPEN INTEREST UP//(LESS)-VOLUME DOWN-LONG TERM RANGE (302-473)

TRADING: MOVE UP-NET BUYING-CLOSE UP-BELOW TREND@423-LESS MOMENTUM-HIGHER LOW. 

TARGETS: (402 (423-442) 464) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG

SOYS (ZSF21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 3.37MMT 
TRENDS: PRICE UP-OPEN INTEREST UP-VOLUME DOWN-LONG TERM (791-1112).
TRADING: FLAT-NET BUYING-CLOSE UP-UPSIDE TREND-@1154-LESS MOMENTUM-HIGHER LOW. 

TARGETS: (1088 (1120-1154) 1188) COMMERCIALS MORE SHORT-NON COMMERCIALS-MORE LONG.

WHEAT (ZWH21NEW): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.50MMT 
TRENDS: PRICE DOWN/-OPEN INTEREST FLAT-VOLUME FLAT-LONG TERM RANGE (387-616). 
TRADING: UP-NOT BUYING-CLOSE UP-UPSIDE TREND-ABOVE 588-STEADY-SUPPORT@LAST LOW..  

TARGETS: (638 (613-588) 564) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

DOLLAR (D6Z20): DAY LIMIT $4.00                   
TRENDS: PRICE DOWN-OPEN INTEREST UP-VOLUME DOWN-LONG TERM-(8295-6809)
TRADING: UP-NET BUYING-ABOVE TREND-CLOSE UP-SUPPORT@7609-MORE MOMENTUM-HIGHER LOW.
TARGETS: (7697 (7609-7522) 7435) COMMERCIALS NOW SHORT-NON COMMERCIALS MORE SHORT