Major Grains+CADUSD-Trends.Analysis-Dec10/2020-Thursday

MARKETS: PRICE-SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS
TRADING: DIRECTION-TREND-TARGET-ACTIVITY-CLOSE-MOMENTUM(HI/LO PRICE RANGE).
TARGETS: PROJECTED/MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCH21) LIMIT $0.25/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 2.47MMT
TRENDS: PRICE LAST UP-OPEN INTEREST LOWER-VOLUME-DOWN -LONG TERM (302-473)

TRADING: MOVE UP-RESISTANCE@TREND-ABOVE 418-CLOSE DOWN-NET SELLING-ESCALATED. 

TARGETS: (439-418)-397) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

SOYS (ZSH21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.58MMT 
TRENDS: PRICE LAST UP-OPEN INTEREST DOWN-VOLUME DOWN-LONG TERM (791-1200).
TRADING: UP-TESTED RESISTANCE@TREND/1165-CLOSE DOWN-SELLING-STEADY-NEW LOW. 

TARGETS: (1200 (1165-1131) 1097) COMMERCIALS LESS SHORT-NON COMMERCIALS-LESS LONG.

WHEAT (ZWH21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 1.45MMT 
TRENDS: PRICE LAST DOWN-OPEN INTEREST FLAT-VOLUME UP-LONG TERM RANGE 387-638). 
TRADING: MOVE UP/STEEP-TESTED 588 CLOSED UP@TREND UP-BUYING-STEADY-FIRM.

TARGETS: (613 (588-564) 540) COMMERCIALS NOW LONG-NON COMMERCIALS LESS LONG

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE UP-OPEN INTEREST UP/(MAR)-VOLUME UP-LONG TERM-(8295-6809)
TRADING: UP ON SUPPORT@TREND-MET RESISTANCE@7869-BUYING-ESCALATED-firm.
TARGETS: (7697-(7785-7869) 7959) COMMERCIALS NOW LONG-NON COMMERCIALS LESS LONG.