Friday, November 13, 2015

Farm Commodity Settlements/CME, November13/2015 Friday
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION-ACTIVITY-RELATIVE STRENGTH/S,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICE DOWN  OPEN INTEREST UP  VOLUME MODERATE  WORLD (CHINA) STOCKS UP
TRADING: DOWN SELLING DECELERATION SUPPORT@TREND+SUPPORT@361+CLOSE@TREND
TARGETS: 400  (372  361)  351  335  322          LOWER HIGHS-8TH CONSECUTIVE DAY             
NET POSITIONS:: USER FLAT LONG  NON USER FLAT SHORT=PREVAILING STRENGTH-FLAT
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE DOWN OPEN INTEREST UDOWN VOLUME MODERATE WORLD STOCKS DOWN
TRADING: FLAT SELLING DECELERATION BELOW RESISTANCE@TREND+ABOVE SUPPORT@850  
TARGETS: 920  890  878  (868  850)  836           LOWER HIGHS  OVERSOLD
NET POSITIONS: USER LESS LONG  NON USER NOW LONG=PREVAILING STRENGTH-FLAT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST-UP  VOLUME MODERATE WORLD STOCKS FLAT    
TRADING: DOWN MATCHED EVEN FLAT SUPPORT@TREND TESTED+RESISTANCE@499+CLOSE@TREND
TARGETS: (480  499) 513  524  546  569           LOWER HIGHS
NET POSITIONS: USER LESS LONG  NON USER LESS SHORT=PREVAILING STRENGTH DOWN 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN  OPEN INTEREST UP  VOLUME MODERATE
TRADING: DOWN NET SELLING FLAT THROUGH HEAD-SHOULDER NECKLINE+SUPPORT@7490 HELD   
TARGETS:  7780  (7573  7490)  7418  7297  7200             
NET POSITIONS: USER FLAT LONG  NON USER FLAT SHORT=PREVAILING STRENGTH-FLAT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE FLAT-NEW  OPEN INTEREST UP  VOLUME UP
TRADING: DOWN NET SELLING DECELERATION SUPPORT@TREND+139 TESTED CLOSED BELOW 
TARGETS: 174  159  153  9148  1390 132         LOWER  HIGHS         
NET POSITIONS: USER LESS LONG  NON USER MORE SHORT=RELATIVE STRENGTH-FLAT
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