Wednesday, November 11, 2015

Farm Commodity Settlements/CME, November11/2015 Wednesday
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION-ACTIVITY-RELATIVE STRENGTH/S,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICE DOWN-MORE  OPEN INTEREST UP  VOLUME HIGH  WORLD (CHINA) STOCKS UP
TRADING: FLAT NET BUYING DECELERATED SUPPORT@REVISED TREND-CLOSED ABOVE
TARGETS: (400  372)  361  351  335  322          LOWER HIGHS-5TH CONSECUTIVE DAY             
NET POSITIONS:: USER FLAT LONG  NON USER FLAT SHORT=PREVAILING STRENGTH-FLAT
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE DOWN-NEW OPEN INTEREST UP  VOLUME HIGH WORLD STOCKS DOWN
TRADING: FLAT MATCHED SELLING DECELERATED RESISTANCE@PREVIOUS LOW+CLOSED BELOW  
TARGETS: 920  890  878  (868  850)  836           LOWER HIGHS
NET POSITIONS: USER LESS LONG  NON USER NOW LONG=PREVAILING STRENGTH-FLAT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP-LESS  OPEN INTEREST-UP  VOLUME HIGH WORLD STOCKS FLAT    
TRADING: FLAT NET BUYING DECELERATED RESISTANCE@REVISED TREND CLOSED ABOVE
TARGETS: 480  (499 513  524)  546  569     NEW LOW
NET POSITIONS: USER LESS LONG  NON USER LESS SHORT=PREVAILING STRENGTH DOWN 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN  OPEN INTEREST UP  VOLUME LOW
TRADING: UP MATCHED SELLING FLAT SUPPORT BELOW TREND@LAST LOW NO BREAKOUT    
TARGETS:  7780  (7573  7490)  7418  7297  7200        DUE TO 2 HIGHER CONSECUTIVE CLOSES      
NET POSITIONS: USER FLAT LONG  NON USER FLAT SHORT=PREVAILING STRENGTH-FLAT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP-LESS 3RD REVISED-MAJOR OPEN INTEREST UP  VOLUME MODERATE
TRADING: DOWN NET SELLING ACCELERATION SUPPORT@TREND TESTED CLOSED BELOW 
TARGETS: 144 (156  165)  172  186  200         LOWER  HIGHS         
NET POSITIONS: USER LESS LONG  NON USER MORE SHORT=RELATIVE STRENGTH-FLAT
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