Monday, December 14, 2015

Farm Commodity Settlements/CME, December 14/2015 MONDAY
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 FLAT  WORLD STOCKS FLAT
TRADING: FLAT EVEN BUYING STRONG RESISTANCE#378 ABOVE TREND MULTI DAY
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 (LESS)  OPEN INTEREST UP/FLAT  VOLUME DOWN WORLD /STOCKS FLAT
TRADING: LOWER DECELERATED NET BUYING TESTED TREND ABOVE 865 SUPPORT POTENTIAL LOW    
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 (LESS)  OPEN INTEREST DOWN  VOLUME DOWN/LOW  WORLD STOCKS UP    
TRADING FLAT DECELERATED NET BUYING @TREND SUPPORT RESISTANCE@PREVIOUS HIGHS+493  
TARGETS: (465-493)  514  530  563  596    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: LOWER DECELERATED MATCHED TESTED CLOSED BELOW TREND AND 7297+CDZ EXPIRY 
TARGETS:  7780  7573  7490  7418  (7297-7200)       YEAR END COMMERCIAL 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: LOWER DECELERATED NET SELLING AWAY FROM TREND BREAKOUT BELOW 115 
TARGETS: 174  153  145  137  125  (115-100)                       PREMIUM MARKET     LOWER  HIGHS      
POSITIONS: HEDGERS/SOLD SHORT  INVESTORS/ COVERED  SHORT=LESS VOLATILE

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