Tuesday, November 24, 2015

Farm Commodity Settlements/CME, November24/2015 Tuesday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
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  OPEN INTEREST DOWN  VOLUME DOWN  WORLD (CHINA) STOCKS UP
TRADING: SELLING FLAT NARROWER RANGE MOVE STOPPED@REVISED TREND+372 RESISTANCE
TARGETS: 400  (372  361)  351  335  322                PREMIUM MARKET         LOWER HIGH
POSITIONS:: USER MORE NET LONG  NON USER NET LONG=RELATIVE STRENGTH MATCHED
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE DOWN-TESTED OPEN INTEREST UP  VOLUME FLAT WORLD STOCKS DOWN
TRADING: MATCHED UP NARROWER RANGE BOTTOM SPIKE@TREND SUPPORT+@868 RESISTANCE  
TARGETS: 920  890  878  (868  850)  836                PREMIUM MARKET         BIGHER LOW  
POSITIONS: USER LESS NET LONG  NON USER LESS NET SHORT=RELATIVE STRENGTH DECREASED
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP-LESS  OPEN INTEREST DOWN VOLUME DOWN WORLD STOCKS FLAT    
TRADING: SELLING FLAT MODERATE RANGES MET SUPPORT@TREND/REVISED LOWER TWICE PLUS@480 
TARGETS: (480  499) 513  524  546  569                   PREMIUM MARKET       LOWER HIGH 
POSITIONS: USER MORE NET LONG  NON USER MORE NET SHORT=RELATIVE STRENGTH INCREASED  
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN-LESS  OPEN INTEREST UP  VOLUME DOWN
TRADING: BUYING UP WIDER RANGES BREAKOUT UP TO RESISTANCE@ORIGINAL TREND    
TARGETS:  7780  (7573  7490)  7418  7297  7200                                                LOWER HIGHS
POSITIONS: USER MORE NET LONG  NON USER MORE NET SHORT=RELATIVE STRENGTH INCREASED
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE FLAT  OPEN INTEREST DOWN  VOLUME UP
TRADING: NET BUYING UP NARROWER RANGE BOTTOM SPIKE TESTED RESISTANCE@TREND+139 
TARGETS: 174  159  153  148  (139 132)                     PREMIUM MARKET     FLAT HIGHS AND LOWS         
POSITIONS: USER MORE NET LONG  NON USER MORE NET SHORT=RELATIVE STRENGTH INCREASED
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