Tuesday, November 17, 2015

Farm Commodity Settlements/CME, November17/2015 Tuesday
MARKETS: PRICE SUPPLY/DEMAND RESULT OF BUYING AND SELLING DURING TRADING
TRENDS: WEEKLY LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS GIVING DIRECTION
TRADING: DAILY PRICING ACTIVITY RELATIVE TO TRENDS AND TARGETS
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: PRICE DOWN  OPEN INTEREST UP  VOLUME DOWN  WORLD (CHINA) STOCKS UP
TRADING: UP NET BUYING STRENGTH IN BALANCE CONSOLIDATING@361 AS RESISTANCE
TARGETS: 400  372  (361  351)  335  322                                                               HIGHER LOW
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 DOWN-LOW WORLD STOCKS DOWN
TRADING: UP BUYING LESS STRENGTH-THROUGH MINOR TREND RESISTANCE+CLOSED BELOW 868  
TARGETS: 920  890  878  (868  850)  836                                                               HIGHER LOW  
POSITIONS: USER NOW NET LONG  NON USER NOW NET SHORT=MORE RELATIVE STRENGTH
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP-LESS  OPEN INTEREST FLAT-UP  VOLUME DOWN WORLD STOCKS FLAT    
TRADING: DOWN SELLING MORE STRENGTH THROUGH TREND TO SUPPORT ABOVE 480+@OLD LOW
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 DOWN
TRADING: FLAT NET BUYING TEST OF+CLOSED ABOVE TREND RESISTANCE ABOVE SUPPORT@7490   
TARGETS:  7780  (7573  7490)  7418  7297  7200                                                    LOWER HIGHS
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 DOWN
TRADING: UP SELLING LESS STRENGTH+DOUBLE RESISTANCE@TREND+@139 
TARGETS: 174  159  153  148  (139 132)                                                                 HIGHER LOW         
POSITIONS: USER MORE NET LONG  NON USER LESS NET SHORT=FLAT RELATIVE STRENGTH
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