Major Grains+CADUSD-Trends.Analysis-Dec04/2020-Friday

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: DOWN ON TREND UP/SUPPORT@418-LOWER CLOSE ON TREND-SELLING-ESCALATED. 

TARGETS: (439-418)-397) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS 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-HIGHER ABOVE TREND-BELOW 1165-LOWER CLOSE-SELLING-DEESCALATION. 

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 0.50MMT 
TRENDS: PRICE DOWN/(MORE)-OPEN INTEREST DOWN-VOLUME DOWN-LONG TERM RANGE (387-638). 
TRADING: MOVE DOWN-ABOVE TREND-BELOW 588-LOWER CLOSE-SELLING-STEADY-SUPPORT@LOWS.

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

DOLLAR (D6Z20): DAY LIMIT $4.00                   
TRENDS: PRICE UP/(MORE)-OPEN INTEREST UP-VOLUME UP-LONG TERM-(8295-6809)
TRADING: UP-MOVE UP-BELOW REVISED TREND-FROM 7785-HIGHER CLOSE-BUYING-ESCALATED.
TARGETS: (7609 (7697-7785) 7869) COMMERCIALS NOW LONG-NON COMMERCIALS LESS LONG.