Monday, November 16, 2015

Farm Commodity Settlements/CME, November16/2015 Monday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH OF TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION-RELATIVE TO ACTIVITY PACE PRICE TREND+TARGETS
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICE DOWN  OPEN INTEREST DOWN  VOLUME MODERATE  WORLD (CHINA) STOCKS UP
TRADING: DOWN BUYING DECELERATION PRICE TREND AS SUPPORT BELOW 361
TARGETS: 400  372  (361  351)  335  322          LOWER HIGHS-8TH CONSECUTIVE DAY             
POSITIONS:: USER NET LESS SHORT  NON USER NET LESS LONG=LESS RELATIVE STRENGTH
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE DOWN OPEN INTEREST UP  VOLUME MODERATE-LOW WORLD STOCKS DOWN
TRADING: DOWN NET BUYING NEUTRAL PRICE TREND AS RESISTANCE+ABOVE 850  
TARGETS: 920  890  878  (868  850)  836           LOWER HIGHS  
POSITIONS: USER NOW NET LONG  NON USER NOW NET SHORT=MORE RELATIVE STRENGTH
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST-UP  VOLUME MODERATE/LOW WORLD STOCKS FLAT    
TRADING: FLAT OFFSET BUYING DECELERATION PRICE TREND AS RESISTANCE BELOW 499
TARGETS: (480  499) 513  524  546  569           LOWER HIGHS
POSITIONS: USER MORE NET LONG  NON USER MORE NET SHORT=FLAT RELATIVE STRENGTH  
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN  OPEN INTEREST UP  VOLUME MODERATE-LOW
TRADING: DOWN OFFSET SELLING NEUTRAL PRICE TREND AS RESISTANCE ABOVE 7490   
TARGETS:  7780  (7573  7490)  7418  7297  7200             
POSITIONS: USER MORE NET LONG  NON USER LESS NET SHORT=FLAT RELATIVE STRENGTH
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE FLAT  OPEN INTEREST UP  VOLUME MODERATE-LOW
TRADING: DOWN OFFSET BUYING NEUTRAL PRICE TREND AS RESISTANCE AT 139 
TARGETS: 174  159  153  148  (139 132)         LOWER  HIGHS         
POSITIONS: USER MORE NET LONG  NON USER LESS NET SHORT=FLAT RELATIVE STRENGTH

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