Friday, November 27, 2015

Farm Commodity Settlements/CME, November27/2015 Friday
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: LONG LIQUIDATION AHEAD OF EXPIRY MONDAY ACCELERATED CLOSED LOWER
TARGETS: 400  (372  361)  351  335  322                PREMIUM MARKET       LOWER HIGHS
POSITIONS:: USER MORE NET LONG  NON USER NET LONG=RELATIVE STRENGTH MATCHED
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE DOWN  OPEN INTEREST FLAT  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: NET SELLING FLAT DECELERATED POTENTIAL REVERSAL UP MET RESISTANCE@878  
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 DOWN-NEW  OPEN INTEREST DOWN-FLAT VOLUME UP WORLD STOCKS FLAT    
TRADING: SELLING LOWER ACCELERATED TREND HOLDING FIRM AS RESISTANCE SUPPORT@466   
TARGETS: 531  503  492  (482  466)  453                 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-LESS SO  VOLUME DOWN
TRADING: SELLING LOWER ACCELERATED REPATRIATION TREND FIRM AS RESISTANCE SUPPORT@7490    
TARGETS:  7780  (7573  7490)  7418  7297  7200                                LAST ULTIMATE LOW 7418
POSITIONS: USER MORE NET LONG  NON USER MORE NET SHORT=RELATIVE STRENGTH INCREASED
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE FLAT-TESTED  OPEN INTEREST DOWN  VOLUME DOWN
TRADING: SELLING LOWER ACCELERATED TREND HOLDING FIRM AS RESISTANCE TARGET 132 
TARGETS: 174  159  153  (148  139) 132                     PREMIUM MARKET       FLAT HIGHS      
POSITIONS: USER MORE NET LONG  NON USER MORE NET SHORT=RELATIVE STRENGTH INCREASED

No comments:

Google+