Major Grains+CADUSD-Trends.Analysis-Dec03/2020-Thursday

MARKETS: PRICE-SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS
TRADED: DIRECTION-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 11.63MMT
TRENDS: PRICE LAST UP-OPEN INTEREST LOWER-VOLUME-DOWN -LONG TERM (302-473)

TRADED: UP-ABOVE TREND/418-CLOSE UP-NET BUYING-DEESCALATED-MADE DISTINCT HIGHER LOW 

TARGETS: (439 (418-397) 378) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG

SOYS (ZSF21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 3.37MMT 
TRENDS: PRICE LAST UP-OPEN INTEREST UP-VOLUME DOWN-LONG TERM (791-1200).
TRADED UP-UPSIDE TREND-TESTED RESISTANCE@/CLOSED ABOVE 1165-BUYING-STEADY. 

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

WHEAT (ZWH21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.50MMT 
TRENDS: PRICE DOWN/(MORE)-OPEN INTEREST DOWN-VOLUME DOWN-LONG TERM RANGE (387-638). 
TRADING: FLAT-ABOVE TREND-TESTED RESISTANCE@/CLOSED BELOW 588-NET SELLING-DEESCALATED-  

TARGETS: (613 (588-564) 540) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG

DOLLAR (D6Z20): DAY LIMIT $4.00                   
TRENDS: PRICE UP-OPEN INTEREST UP-VOLUME FLAT-LONG TERM-(8295-6809)
TRADING: UP-MOVE UP-ABOVE TREND-TESTED/CLOSED UP@7785-NET BUYING-ESCALATED-NEW HIGH.
TARGETS: (7609 (7697-7785) 7869) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG.