Farm Commodity Settlements/CME, November16/2015 Monday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH OF TRADING
TRENDS: LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION-RELATIVE TO ACTIVITY PACE PRICE TREND+TARGETS
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT
TRENDS: PRICE DOWN OPEN INTEREST DOWN VOLUME MODERATE WORLD (CHINA) STOCKS UP
TRADING: DOWN BUYING DECELERATION PRICE TREND AS SUPPORT BELOW 361
TARGETS: 400 372 (361 351) 335 322 LOWER HIGHS-8TH CONSECUTIVE DAY
POSITIONS:: USER NET LESS SHORT NON USER NET LESS LONG=LESS RELATIVE STRENGTH
SOYBEANS: 70 CENT DAILY TRADING LIMIT
TRENDS: PRICE DOWN OPEN INTEREST UP VOLUME MODERATE-LOW WORLD STOCKS DOWN
TRADING: DOWN NET BUYING NEUTRAL PRICE TREND AS RESISTANCE+ABOVE 850
TARGETS: 920 890 878 (868 850) 836 LOWER HIGHS
POSITIONS: USER NOW NET LONG NON USER NOW NET SHORT=MORE RELATIVE STRENGTH
WHEAT: 40 CENT DAILY LIMIT
TRENDS: PRICE UP OPEN INTEREST-UP VOLUME MODERATE/LOW WORLD STOCKS FLAT
TRADING: FLAT OFFSET BUYING DECELERATION PRICE TREND AS RESISTANCE BELOW 499
TARGETS: (480 499) 513 524 546 569 LOWER HIGHS
POSITIONS: USER MORE NET LONG NON USER MORE NET SHORT=FLAT RELATIVE STRENGTH
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE DOWN OPEN INTEREST UP VOLUME MODERATE-LOW
TRADING: DOWN OFFSET SELLING NEUTRAL PRICE TREND AS RESISTANCE ABOVE 7490
TARGETS: 7780 (7573 7490) 7418 7297 7200
POSITIONS: USER MORE NET LONG NON USER LESS NET SHORT=FLAT RELATIVE STRENGTH
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE FLAT OPEN INTEREST UP VOLUME MODERATE-LOW
TRADING: DOWN OFFSET BUYING NEUTRAL PRICE TREND AS RESISTANCE AT 139
TARGETS: 174 159 153 148 (139 132) LOWER HIGHS
POSITIONS: USER MORE NET LONG NON USER LESS NET SHORT=FLAT RELATIVE STRENGTH
Monday, November 16, 2015
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