Thursday, December 03, 2015

Farm Commodity Settlements/CME, December 3/2015 Thursday
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 DOWN LESS 3RD REVISED  OPEN INTEREST UP  VOLUME UP  WORLD STOCKS UP
TRADING: UP ACCELERATED ON BUYING  PIERCED CLOSED ABOVE RESISTANCE@TREND/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 DOWN  VOLUME UP  W/STOCKS DOWN
TRADING: UP ACCELERATED ON NET BUYING STRONG MOVE-NO DOWN DAYS IN LINE WITH TREND  
TARGETS: 920  (907  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 FLAT  WORLD STOCKS FLAT    
TRADING UP ACCELERATED ON NET BUYING BACK ON TREND PIERCED RESISTANCE@TREND/@482    
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 FLAT  VOLUME UP
TRADING: FLAT ACCELERATING MATCHED PIERCED RESISTANCE@TREND+@7490 CLOSED ABOVE     
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 FLAT  VOLUME DOWN
TRADING: UP ACCELERATED ON NET BUYING PIERCED TREND MET RESISTANCE @139 
TARGETS: 174  159  153  148  (139 132)                     PREMIUM MARKET       FLAT HIGHS      
POSITIONS: HEDGERS MORE NET LONG  INVESTORS MORE NET SHORT=MORE VOLATILITY
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