Major Grains+CADUSDTrends Analysis-Nov 5/2020-Thursday

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 (302-473)

TRADING: UP-NET SELLING-ABOVE TREND/402-MOMENTUM/CLOSE UP-DISTINCT HIGHER LOW 

TARGETS: (382 (402-423) 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 DOWN-VOLUME UP-LONG TERM (791-1112).
TRADING: UP-NET BUYING-RESISTANCE@TREND/1120-MORE MOMENTUM-DISTINCT HIGHER LOW. 

TARGETS: (1055 (1088-1120) 1154)/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 UP/DAY-LONG TERM (387-616). 
TRADING: UP-SELLING-TESTED/CLOSED@TREND BELOW 613-MORE MOMENTUM-DISTINCT FLAT LOW.  

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 FLAT-LONG TERM-(8295-6809)
TRADING: UP-NET BUYING-TESTED TREND/7609-MORE MOMENTUM-CONSECUTIVE HIGHER CLOSE.
TARGETS: (7697 (7609-7522) 7435)/COMMITMENTS:USERS LESS LONG/FUNDS FLAT SHORT