Thursday, November 19, 2015

Farm Commodity Settlements/CME, November19/2015 Thursday
MARKETS: PRICE SUPPLY/DEMAND RESULT OF BUYING AND SELLING DURING TRADING
TRENDS: MONTHLY LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS GIVING DIRECTION
TRADING: DAILY ACTIVITY DIRECTION RELATIVE TO TRENDS AND TARGETS
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: PRICE DOWN  OPEN INTEREST UP-CORRECTING  VOLUME DOWN  WORLD (CHINA) STOCKS UP
TRADING: NET BUYING UP  LESS STRENGTH MAKING A ROUNDED BOTTOM@361+ABOVE TREND
TARGETS: 400  (372  361)  351  335  322                PREMIUM MARKET         HIGHER LOWS
POSITIONS:: USER NET LESS SHORT  NON USER NET LESS LONG=LESS RELATIVE STRENGTH
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE DOWN-LESS OPEN INTEREST UP  VOLUME DOWN WORLD STOCKS DOWN
TRADING: NET BUYING FLAT LESS STRENGTH-RESISTANCE@3RD REVISED TREND ABOVE 850  
TARGETS: 920  890  878  (868  850)  836                PREMIUM MARKET         HIGHER LOWS  
POSITIONS: USER NOW NET LONG  NON USER NOW NET SHORT=MORE RELATIVE STRENGTH
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP-LESS  OPEN INTEREST UP  VOLUME DOWN WORLD STOCKS FLAT    
TRADING: BUYING UP MORE STRENGTH SIGNALS TEST OF BOTTOM AT 480+2ND REVISED TREND
TARGETS: (480  499) 513  524  546  569                   PREMIUM MARKET       HOGHER LOW 
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 DOWN
TRADING: NET BUYING UP LESS STRENGTH FROM TEST OF BOTTOM AT 7490 BREAKOUT UPSIDE OF TREND    
TARGETS:  7780  (7573  7490)  7418  7297  7200                                                LOWER HIGHS
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 DOWN  VOLUME DOWN
TRADING: NET SELLING FLAT LESS STRENGTH BELOW TREND+RESISTANCE@139 
TARGETS: 174  159  153  148  (139 132)                     PREMIUM MARKET     FLAT HIGHS AND LOWS         
POSITIONS: USER MORE NET LONG  NON USER LESS NET SHORT=FLAT RELATIVE STRENGTH
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