Wednesday, November 25, 2015

Farm Commodity Settlements/CME, November25/2015 Wednesday
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: BUYING FLAT NARROWER RANGE TESTED+CLOSED ABOVE TREND RESISTANCE
TARGETS: 400  (372  361)  351  335  322                PREMIUM MARKET         FLAT LOW
POSITIONS:: USER MORE NET LONG  NON USER NET LONG=RELATIVE STRENGTH MATCHED
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE DOWN OPEN INTEREST UP+CORRECTING  VOLUME FLAT WORLD STOCKS DOWN
TRADING: NET BUYING FLAT NARROWER RANGE THROUGH TREND BELOW+868 AS RESISTANCE  
TARGETS: 920  890  878  (868  850)  836                PREMIUM MARKET         FLAT  HIGHS+LOWS  
POSITIONS: USER LESS NET LONG  NON USER LESS NET SHORT=RELATIVE STRENGTH DECREASED
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP-LESS-TESTED  OPEN INTEREST DOWN-FLAT VOLUME UP WORLD STOCKS FLAT    
TRADING: NET SELLING DOWN NARROW RANGE THROUGH/CLOSED BELOW SUPPORT@TREND+@480 
TARGETS: (480  499) 513  524  546  569                 PREMIUM MARKET         LOWER HIGHS 
POSITIONS: USER MORE NET LONG  NON USER MORE NET SHORT=RELATIVE STRENGTH INCREASED  
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN  OPEN INTEREST UP-CORRECTING  VOLUME DOWN
TRADING: MATCHED BUYING UP NARROWER RANGE MET+CLOSED BELOW RESISTANCE@TREND    
TARGETS:  7780  (7573  7490)  7418  7297  7200                                                HIGHER LOWS
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: MATCHED BUYING FLAT NARROWER RANGE THROUGH RESISTANCE IN ROUND BOTTOM 
TARGETS: 174  159  153  (148  139) 132                     PREMIUM MARKET       BOTTOM HAS FLAT TOP       
POSITIONS: USER MORE NET LONG  NON USER MORE NET SHORT=RELATIVE STRENGTH INCREASED
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