Monday, November 02, 2015

Farm Commodity Settlements/CME, November 2/2015 Monday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION-ACTIVITY-MOMENTUM-PREVAILING STRENGTH/S,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICE UP  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: DOWN SELLING ACCELERATED TESTED+CLOSED BELOW SUPPORT@TREND+384
TARGETS: (353  384)  407  425  461  497         PREMIUM MARKEY    LOWER HIGH+FLAT LOWS  
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT+LESS MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP-MORE - OPEN INTEREST DOWN  VOLUME DOWN WORLD STOCKS UP
TRADING: FLAT NET SELLING ACCELERATED TESTED+CLOSED BELOW SUPPORT@TREND LINE+890
TARGETS: (855  890)  916  937  978  1016      PREMIUM MARKET    FLAT LOWS      
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT= FLAT MOMENTUM
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST FLAT-DOWN  VOLUME DOWN  WORLD STOCKS UP    
TRADING: DOWN NET SELLING ACCELERATED TESTED+CLOSED BELOW SUPPORT@TREND LINE+513
TARGETS: 464  (503  513 532)  546       PREMIUM MARKET     HIGHER LOWS 
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT=MORE MOMENTUM 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP-LESS=2ND REVISED  OPEN INTEREST DOWN  VOLUME DOWN 
TRADING: FLAT SELLING DECELERATED MET+CLOSED BELOW RESISTANCE@7650 ABOVE TREND      
TARGETS: 8090  7871  7793  7707  (7650  7579)  7477)   HIGHER LOWS  OVERBOUGHT
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP-LESS-3RD REVISED  OPEN INTEREST DOWN  VOLUME UP
TRADING: FLAT NET SELLING DECELERATED ABOVE TREND LINE=OVERBOUGHT- 
TARGETS: (144 156)  165  172  186  200     PREMIUM MARKET     HIGHER LOWS         -
NET TRADING: USER SOLD SHORT  NON USER BOUGHT LONG
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