Major Grains+CADUSD-Trends/Trading/Targets-Aug12/2020-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=+2.42MMT
TRENDS: PRICE UP/STEEP-OPEN INTEREST DOWN-VOLUME UP/HIGH-LONG TERM (473-302)

TRADED: UP-ON TREND UP-MET/CLOSED@340-ESCALATED-BUYING-CLOSE UP-BULLISH.  

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=(26.98)MMT 
TRENDS: PRICE UP/STEEP-OPEN INTEREST-DRIFT UP-VOLUME UP-LONG TERM (1067-791).
TRADED: UP-ON TREND UP-CLOSED BELOW FIRM RESISTANCE@907-ESCALATED-BUYING. 

TARGETS: (850 (878-907 936)/NET COMMITMENTS: USERS LESS SHORT/FUNDS LESS LONG.

WHEAT (ZWZ20): LIMIT $0.35/BU WORLD END STOCKS/LESS CHINA-19/20=+1.42MMT 
TRENDS: PRICE DOWN/STEEP-OPEN INTEREST UP-VOLUME FLAT-LONG TERM (593-387). 
TRADED: MOVE FLAT-OFF TREND-LOW ON SUPPORT@500-ESCALATED-NET BUYING.  

TARGETS: (541(520-500) 479)/NET COMMITMENTS: USERS FLAT LONG/FUNDS FLAT LONG

DOLLAR (D6U20): DAY LIMIT $4.00                    
TRENDS: PRICE UP/MAJOR-OPEN INTEREST DOWN-VOLUME UP/LESS-LONG TERM-(8295-6809)
TRADED: UP-MOVE UP-ON TREND-MET RESISTANCE@7563-ESCALATED-NET BUYING-CLOSE UP.

TARGETS: (7398 (7480-7563) 7646)/NET COMMITMENTS: USERS MORE LONG/FUNDS MORE SHORT.