Saturday, December 12, 2015

Farm Commodity Settlements/CME, December 11/2015 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADE
TRENDS:  UP/LINES ACROSS ASCENDING LOWS, DOWN/LINES ACROSS DESCENDING HIGHS
TRADING: DAILY MOVE VOLATILITY ACTIVITY RELATIVE TO TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: PRICE UP (GRADUAL)  OPEN INTEREST DOWN  VOLUME DOWN  WORLD STOCKS FLAT
TRADING: FLAT DECELERATED SELLING RESISTANCE@378@PREVIOUS HIGHS OVERBOUGHT
TARGETS: 360  368  (373-378)  386  395                       PREMIUM MARKET     HIGHER LOWS
POSITIONS:: HEDGER/SOLD LONG SOLD SHORT  INVESTOR/COVERED SHORT=LESS VOLATILE
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP  (MODERATE)  OPEN INTEREST UP  VOLUME DOWN WORLD /STOCKS FLAT
TRADING: FLAT DECELERATED NET SELLING RESISTANCE FLAT@885 SUPPORT@TREND=CONVERGENCE    
TARGETS: 850  865  (876-885)  902  928           PREMIUM MARKET  FLAT HIGHS HIGHER LOWS     
POSITIONS: HEDGERS/SOLD SHORT  INVESTORS/COVERED SHORT=LESS VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  (STRONG)  OPEN INTEREST DOWN  VOLUME DOWN/LOW  W/STOCKS UP    
TRADING FLAT DECELERATED NET SELLING RESISTANCE@PREVIOUS HIGHS SUPPORT@TREND   
TARGETS: 531  503  (492-482)  466  453          PREMIUM MARKET  HIGHER LOWS=CONVERGENCE
POSITIONS: HEDGERS/COVERED SHORT  INVESTORS/ SOLD LONG=FLAT VOLATILE 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN  OPEN INTEREST UP  VOLUME DOWN
TRADING: DOWN ACCELERATED SELLING AWAY FROM TREND CLOSED BELOW 115 BOTTOM OVERSOLD
TARGETS:  7780  7573  7490  (7418-7297)  7200                          YEAR END REPATRIATION    
POSITIONS: HEDGERS/BOUGHT LONG  INVESTORS/SOLD SHORT+BOUGHT LONG=FLAT VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN/MORE  OPEN INTEREST UP  VOLUME UP
TRADING: DOWN ACCELERATED NET SELLING TEST/SUPPORT@TREND BREAKOUT BELOW 125 
TARGETS: 174  153  145  137-(125)-115)                       PREMIUM MARKET     LOWER  HIGHS      
POSITIONS: HEDGERS/SOLD SHORT  INVESTORS/ COVERED  SHORT=LESS VOLATILE
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