Major Grains+CADUSD-Trends/Trading/Targets-Aug5/2020-Wed

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 (ZCZ20). LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 18.83MMT
TRENDS: PRICE DOWN-OPEN INTEREST UP -VOLUME FLAT-LONG TERM RANGE (473-302)

TRADED: FLAT-ON TREND-MET SUPPORT@322-DEESCALATED-BUYING-CLOSE UP ON TREND  

TARGETS: 304 (322-340) 358)/NET COMMITMENTS-USERS MORE LONG/FUNDS MORE SHORT

SOYS (ZSX20). LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN-2.13MMT 
TRENDS: PRICE UP-OPEN INTEREST-UP SMORE -VOLUME FLAT -LONG TERM RANGE (1067-791).
TRADED: DOWN-MOVE DOWN-ON TREND-BELOW 889-DEESCALATED-NET SELLING-CLOSE DOWN. 

TARGETS: (831 (860-889) 917)/NET COMMITMENTS: USERS LESS SHORT/FUNDS LESS LONG.

WHEAT (ZWU20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 0.22MMT 
TRENDS: PRICE DOWN/STEEP-OPEN INTEREST FLAT-VOLUME FLAT -LONG TERM (593-387). 
TRADED: DOWN MOVE DOWN-ON TREND-BELOW 520-DEESCALATED-NET BUYING-CLOSED UP.  

TARGETS: (495 (520-544) 569)/NET COMMITMENTS: USERS FLAT LONG/FUNDS FLAT LONG

DOLLAR (D6U20): DAY LIMIT $4.00                    
TRENDS: PRICE UP/MAJOR -OPEN INTEREST FLAT -VOLUME FLAT -LONG TERM-(8295-6809)
TRADED: UP-MOVE UP-ABOVE TREND-MET RESISTANCE@7563-ESCALATED-NET SELLING-GAP.

TARGETS: (7398 (7480-7563) 7646)/NET COMMITMENTS: USERS LESS LONG/FUNDS FLAT LONG