Monday, November 30, 2015

Farm Commodity Settlements/CME, November30/2015 Monday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADE
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  OPEN INTEREST UP  VOLUME DOWN  WORLD (CHINA) STOCKS UP
TRADING: BUYING FLAT ACCELERATING 1ST NOTICE DAY LATE SHORT COVERING ROLLING TO H
TARGETS: 400  (372  361)  351  335  322                PREMIUM MARKET       LOWER HIGHS
POSITIONS:: HEDGER MORE NET LONG INVESTOR MORE NET SHORT=MORE VOLATILITY
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP CONFIRMED  OPEN INTEREST FLAT  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: BUYING UP LESS SO ACCELERATED TESTING RESISTANCE@878+PREVIOUS TREND UPWARD  
TARGETS: 920  890  (878  868)  850  836                PREMIUM MARKET         HIGHER LOWS  
POSITIONS: HEDGERS MORE NET LONG  INVESTORS MORE NET SHORT=MORE VOLATILITY
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE DOWN  OPEN INTEREST FLAT-UP  VOLUME UP WORLD STOCKS FLAT    
TRADING: SELLING LOWER DECELERATED 1ST NOTICE ALMOST A BULL SQUEEZE CLOSED BELOW 466   
TARGETS: 531  503  492  (482  466)  453                 PREMIUM MARKET         OVERSOLD
POSITIONS: HEDGERS FLAT NET LONG  INVESTORS FLAT NET SHORT=FLAT VOLATILITY  
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN  OPEN INTEREST UP  VOLUME DOWN
TRADING: OFFSET SELLING LOWER FLAT FIRM RESISTANCE@TREND SUPPORT@7490 TESTED    
TARGETS:  7780  (7573  7490)  7418  7297  7200                                LAST ULTIMATE LOW 7418
POSITIONS: HEDGERS MORE NET LONG  INVESTORS MORE NET SHORT=MORE VOLATILITY
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN-NEW  OPEN INTEREST DOWN  VOLUME UP
TRADING: SELLING LOWER ACCELERATED BREAKOUT DOWN THROUGH TREND TO SUPPORT@132 
TARGETS: 174  159  153  (148  139) 132                     PREMIUM MARKET       LOWER  HIGH      
POSITIONS: HEDGERS MORE NET LONG  INVESTORS MORE NET SHORT=MORE VOLATILITY

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