Major Grains+CADUSD-Trends Analysis-Nov18/2020-Wednesday

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-VOLUME UP-LONG TERM (302-473)

TRADING: UP/SHARP-NET BUYING-TESTED/CLOSED UP ON TREND-UPSIDE 423-MORE MOMENTUM. 

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/(SHARP)-OPEN INTEREST DRIFT UP-VOLUME DOWN-LONG TERM (791-1178).
TRADING: UP/STEEP-NET BUYING-CLOSE UP-ABOVE TREND-GOOD RESISTANCE@1188-STEADY. 

TARGETS: (1120 (1154-1188) 1222) 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/(LESS)-OPEN INTEREST FLAT-VOLUME FLAT-LONG TERM RANGE (387-616). 
TRADING: FLAT-NET BUYING-CLOSE UP-BELOW TREND-MET RESISTANCE@613-MORE MOMENTUM.  

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

DOLLAR (D6Z20): DAY LIMIT $4.00                   
TRENDS: PRICE DOWN-OPEN INTEREST UP/(LESS)-VOLUME FLAT-LONG TERM-(8295-6809)
TRADING: UP/LESS)-NET BUYING-ABOVE TREND-CLOSE UP-MID(RANGE)-MORE MOMENTUM.
TARGETS: (7785 (7697-7609) 7522) COMMERCIALS NOW SHORT-NON COMMERCIALS MORE SHORT.