Major Grains+CADUSD-Trends Analysis-Nov04/2020-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 (ZCZ20). LIMIT $0.25/BU-WORLD ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 6.2MMT
TRENDS: PRICE DOWN/(SHARP)-OPEN INTEREST FLAT-VOLUME FLAT-LONG TERM (473-302)

TRADING: MOVE UP-NET BUYING-OFF TREND-TESTED/CLOSED UP ABOVE RESISTANCE@402-STEADY 

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-VOLUME UP-LONG TERM (1079-791).
TRADING: MOVE UP-NET BUYING-OFF TREND-MET RESISTANCE@1087/LAST HIGH-MORE MOMENTUM. 

TARGETS: (1087 (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/(LESS)-OPEN INTEREST FLAT-VOLUME FLAT-LONG TERM (616-387). 
TRADING: DOWN-NET SELLING-DOWNSIDE TREND/RESISTANCE@613-STEADY MOMENTUM-FLAT.  

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

DOLLAR (D6Z20): DAY LIMIT $4.00                   
TRENDS: PRICE DOWN/(LESS)-OPEN INTEREST UP-VOLUME DOWN-LONG TERM-(8295-6809)
TRADING: UP-NET BUYING-TESTED RESISTANCE/CLOSE ABOVE TREND/7609-MORE MOMENTUM-.
TARGETS: (7609 (7522-7435) 7349)/COMMITMENTS:USERS LESS LONG/FUNDS FLAT SHORT