Wednesday, December 16, 2015

Farm Commodity Settlements/CME, DECEMBER 16/2015 WEDNESDAY
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/UP  WORLD STOCKS FLAT
TRADING: DOWN ACCELERATED SELLING THROUGH/CLOSED BELOW SUPPORT@TREND/373
TARGETS: 360  (368-373-378)  386  395          PREMIUM MARKET   LOWER HIGH
POSITIONS:: HEDGER/SOLD LONG SOLD SHORT  INVESTOR/COVERED SHORT=LESS VOLATILE
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP (LESS)  OPEN INTEREST /DOWN  VOLUME FLAT/UP WORLD /STOCKS FLAT
TRADING: DOWN ACCELERATED NET SELLING THROUGH/CLOSED BELOW SUPPORT@865    
TARGETS: (850-865-876) 885  902  928           PREMIUM MARKET  LOWER HIGHS     
POSITIONS: HEDGERS/SOLD SHORT  INVESTORS/COVERED SHORT=LESS VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP (LESS)  OPEN INTEREST DOWN  VOLUME UP  WORLD STOCKS UP    
TRADING DOWN ACCELERATED SELLING THROUGH/CLOSED BELOW 493 POTENTIAL REVERSAL   
TARGETS: (465-493)  514  530  563  596           PREMIUM MARKET    LOW VOLATILITY
POSITIONS: HEDGERS/COVERED SHORT  INVESTORS/ SOLD LONG=FLAT VOLATILE 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN  OPEN INTEREST DOWN  VOLUME DOWN
TRADING: DOWN ACCELERATED NET BUYING THROUGH/CLOSED ABOVE 7297/RESISTANCE 
TARGETS:  7780  7573  7490  7418  (7297-7200)       NEW LOW ABOVE SUPPORT@7200    
POSITIONS: HEDGERS/BOUGHT LONG  INVESTORS/SOLD SHORT+BOUGHT LONG=FLAT VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN  OPEN INTEREST FLAT/DOWN  VOLUME UP
TRADING: FLAT ACCELERATED NET SELLING TESTED SUPPORT/CLOSED BELOW 115 
TARGETS: 174  153  145  137  125  (115-100)       PREMIUM MARKET     HIGHER LOWS      
POSITIONS: HEDGERS/SOLD SHORT  INVESTORS/ COVERED  SHORT=LESS VOLATILE
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