Tuesday, November 03, 2015

Farm Commodity Settlements/CME, November 3/2015 Tuesday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION-ACTIVITY-MOMENTUM-PREVAILING STRENGTH/S,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICE UP-FLAT  OPEN INTEREST UP  VOLUME UP  WORLD STOCKS DOWN
TRADING: FLAT BUYING FLAT TESTED-CLOSED ADOVE RESISTANCE@TREND+BELOW 384
TARGETS: (353  384)  407  425  461  497                  FLAT AGAINST RISING TREND           
NET TRADING: USER SOLD SHORT  NON USER COVERED  SHORT=NEAR FLAT MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP - OPEN INTEREST DOWN  VOLUME UP WORLD STOCKS UP
TRADING: DOWN OFFSET SELLING DECELERATED THROUGH CLOSED BELOW TREND NO BREAKOUT
TARGETS: (855  890)  916  937  978  1016      PREMIUM MARKET    FLAT LOWS      
NET TRADING: USER COVERED SHORT  NON USER SOLD LONG= LESS MOMENTUM
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST-DOWN-FLAT  VOLUME FLAT  WORLD STOCKS UP    
TRADING: DOWN SELLING DECELERATED TESTED+CLOSED FLAT BELOW SUPPORT@TREND+513
TARGETS: 464  (503  513 532)  546       PREMIUM MARKET     LOWER HIGH
NET TRADING: USER COVERED SHORT  NON USER SOLD LONG=LESS MOMENTUM 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP-LESS=2ND REVISED DOWN  OPEN INTEREST DOWN  VOLUME UP 
TRADING: FLAT NET BUYING ACCELERATED TESTED CLOSED ABOVE RESISTANCE@7650+TREND      
TARGETS: 8090  7871  7793  7707  (7650  7579)  7477)   HIGHER LOWS  OVERBOUGHT
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT=LESS MOMENTUM
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP-MORE-@2ND REVISED  OPEN INTEREST DOWN  VOLUME UP
TRADING: UP BUYING ACCELERATED TESTED CLOSED ABOVE TREND+ABOVE 156 
TARGETS: (144 156)  165  172  186  200     PREMIUM MARKET     HIGHER LOWS         -
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT=FLAT MOMENTUM

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