MajorGrains+CADUSD-Trends Analysis-Nov12/2020-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 (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 DOWN-BUYING-BELOW TREND/423-CLOSE UP-LESS MOMENTUM-TREND/NO CHANGE. 

TARGETS: (402 (423-442) 464)/NET COMMITMENTS-USERS LESS SHORT/FUNDS LESS LONG

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

TARGETS: (1088 (1120-1154) 1188)/NET COMMITMENTS: USERS LESS SHORT/FUNDS LESS LONG.

WHEAT (ZWH21NEW): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.50MMT 
TRENDS: PRICE DOWN/-OPEN INTEREST FLAT-VOLUME DOWN-LONG TERM RANGE (387-616). 
TRADING: DOWN-SELLING-CLOSE DOWN-ON TREND AS SUPPORT-MID(RANGE)-LESS MOMENTUM.  

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

DOLLAR (D6Z20): DAY LIMIT $4.00                   
TRENDS: PRICE UP(MODERATE)-OPEN INTEREST UP/(SHARP)-VOLUME DOWN-LONG TERM-(8295-6809)
TRADING:MOVE DOWN-SELLNG-CLOSE DOWN-BELOW TREND-MET SUPPORT@7609-MORE MOMENTUM.
TARGETS: (7697 (7609-7522) 7435)/COMMITMENTS:USERS LESS LONG/FUNDS FLAT SHORT