Wednesday, December 02, 2015

Farm Commodity Settlements/CME, December 2/2015 Wednesday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADE
TRENDS: MONTHLY LINES JOIN HIGHS WITH HIGHS+LOWS WITH LOWS GIVING DIRECTION
TRADING: DAILY ACTIVITY DIRECTION VOLATILITY RELATIVE TO TRENDS AND TARGETS
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: PRICE DOWN LESS 3RD REVISED  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS UP
TRADING: SELLING UP DECELERATED  CLOSED BELOW TREND SUPPORT AND BELOW 372
TARGETS: 400  (372  361)  351  335  322                PREMIUM MARKET       LOWER HIGH
POSITIONS:: HEDGER MORE NET LONG INVESTOR MORE NET SHORT=MORE VOLATILITY
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP-INITIAL  OPEN INTEREST FLAT-DOWN  VOLUME UP  W/STOCKS DOWN
TRADING: MATCHED OFFSET HIGHER DECELERATING TREND+890 AS RESISTANCE CLOSED BELOW  
TARGETS: (920  890)  878  868  850  836                     PREMIUM MARKET         HIGHER LOWS  
POSITIONS: HEDGERS MORE NET LONG  INVESTORS MORE NET SHORT=MORE VOLATILITY
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE DOWN-INITIAL  OPEN INTEREST DOWN  VOLUME DOWN  WORLD STOCKS FLAT    
TRADING SELLING LOWER DECELERATED AWAY FROM TREND RESISTANCE TO SUPPORT@466 OVERSOLD    
TARGETS: 531  503  492  (482  466)  453                 PREMIUM MARKET        LOWER HIGHS
POSITIONS: HEDGERS FLAT NET LONG  INVESTORS FLAT NET SHORT=FLAT VOLATILITY  
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN-INITIAL  OPEN INTEREST TOPPY  VOLUME DOWN
TRADING: MATCHED OFFSET FLAT ACCELERATING TREND WEAKENING AS RESISTANCE CLOSED@TREND     
TARGETS:  7780  (7573  7490)  7418  7297  7200                                LAST ULTIMATE LOW 7418
POSITIONS: HEDGERS MORE NET LONG  INVESTORS MORE NET SHORT=MORE VOLATILITY
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN  OPEN INTEREST DOWN  VOLUME UP
TRADING: SELLING ACCELERATED LITTLE SUPPORT@TREND CLOSED BELOW 132 
TARGETS: 174  159  153  148  (139 132)                     PREMIUM MARKET       LOWER HIGHS      
POSITIONS: HEDGERS MORE NET LONG  INVESTORS MORE NET SHORT=MORE VOLATILITY
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