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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