MAJOR GRAINS+CADUSD-TRENDLINES/TRADING-JUN12/2020-FRI

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

CORN (ZCN20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 0.82MMT
TREND LINES: PRICE-UP/GRADUAL, OPEN INTEREST-UP. VOLUME-UP LONG TERM RANGE-(473-302)
TRADED: UP-ABOVE TREND LINE/327 TARGET-LESS MOMENTUM-LIQUIDATION-CLOSED FLAT.   
TARGETS: (309 (327-344) 362)/COMMITMENTS-HEDGERS MORE NET LONG/FUNDS MORE NET SHORT.

SOYS (ZSN20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-DOWN-2.13MMT 
TREND LINES: PRICE-UP/STEEP. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM RANGE-(1067-791).
TRADED: UP-DOWNSIDE TREND LINE-BELOW 878-MORE MOMENTUM-ACCUMULATION-HIGHER LOW. 
TARGETS: (821 (850-878) 907)/COMMITMENTS-HEDGERS MORE NET SHORT/FUNDS MORE NET LONG

WHEAT (ZWN20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 0.22MMT 
TREND LINES: PRICE-FLAT. OPEN INTEREST-UP. VOLUME DOWN. LONG TERM-(593-387). 
TRADING: DOWN-@MAJOR SUPPORT@TREND LINE/494-STEADY-NET ACCUMULATION-CONSOLIDATION.  
TARGETS: (472 (494-516) 561)/COMMITMENTS-HEDGERS MORE NET LONG/FUNDS LESS NET LONG

DOLLAR (D6U20)/NEW CAD/USD : DAY LIMIT $4.00                    
TREND LINES: PRICE DOWN/STEEP. OPEN INTEREST-UP. VOLUME-UP. LONG TERM-(8295-6809)
TRADING: DOWN-ON TREND LINE-TESTED/CLOSED BELOW 7372-LESS MOMENTUM-SHORT SELLING.
TARGETS: (7460 (7372-7285) 7197)/COMMITMENTS-HEDGERS LESS NET LONG/FUNDS LESS NET SHORT.