Saturday, December 19, 2015

Farm Commodity Settlements/CME, DECEMBER 17/2015 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING STRENGTH TRADE
TRENDS: LINES OF ASCENDING PROTRUDING LOWS, OF DESCENDING EXCESSIVE 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 (LESS REVISED)  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS FLAT
TRADING: UP DECELERATED MATCHED SELLING FROM RESISTANCE@OLD HIGHS@378
TARGETS: 360  368  (373-378)  386  395          PREMIUM MARKET  UNABLE MAKE NEW HIGHS
POSITIONS:: HEDGER LIQUIDATED SHORT, INVESTOR ACCUMULATED SHORT=MORE FORCE
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP (MORE)  OPEN INTEREST FLAT  VOLUME FLAT WORLD /STOCKS FLAT
TRADING: UP DECELERATED BUYING THROUGH/CLOSED ABOVE RESISTANCE@876+PIERCED TREND    
TARGETS: 850  865  (876-885-902)  928        PREMIUM MARKET   REVERSAL UP       
POSITIONS: HEDGER LIQUIDATED SHORT,  INVESTORS ACCUMULATED LONG=FLAT FORCE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP (LESS REVISED)  OPEN INTEREST FLAT  VOLUME UP  WORLD STOCKS UP    
TRADING UP ACCELERATING MATCHED SELLING EX RESISTANCE@OLD HIGHS BROKE SUPPORT@493      
TARGETS: (465-493-514)  530  563  596          PREMIUM MARKET  UNABLE MAKE NEW HIGHS
POSITIONS: HEDGERS LIQUIDATED LONG, INVESTORS LIQUIDATED SHORT=LESS FORCE 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/MORE  OPEN INTEREST DOWN  VOLUME DOWN
TRADING: DOWN DECELERATED SELLING EVEN BROKE/CLOSED BELOW 7200 NO BREAKOUT  
TARGETS:  7780  7573  7490  7418  729 (7200-7056)      LOWER HIGHS  OVERSOLD
POSITIONS: HEDGERS ACCUMULATED LONG, INVESTORS ACCUMULATED SHORT=MORE FORCE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN/MORE  OPEN INTEREST TURNING UP  VOLUME DOWN
TRADING: FLAT ACCELERATED MATCHED SELLING SUPPORT@LAST LOW POTENTIAL BOTTOM
TARGETS: 174  153  145  137  125  (115-100)       PREMIUM MARKET    OVERSOLD      
POSITIONS: HEDGERS/SOLD SHORT  INVESTORS/ COVERED  SHORT=LESS VOLATILE
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