Thursday, November 05, 2015

Farm Commodity Settlements/CME, November 5/2015 Thursday
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-WEAK  OPEN INTEREST DOWN  VOLUME FLAT  WORLD STOCKS DOWN
TRADING: DOWN SELLING FLAT BELOW+CLOSED BELOW AWAY FROM TREND@LOW
TARGETS: (353  384)  407  425  461  497      MONTHLY HIGH-LOW PRICE RANGE (353-407)           
NET TRADING: USER SOLD SHORT  NON USER COVERED  SHORT=NEAR FLAT MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP -WEAK OPEN INTEREST FLAT  VOLUME DOWN WORLD STOCKS UP
TRADING: DOWN SELLING ACCELERATED TESTED-CLOSED BELOW SUPPORT@ORIGINAL TREND  
TARGETS: (855  890)  916  937  978  1016     MONTHLY HIGH-LOW PRICE RANGE (855-916)      
NET TRADING: USER COVERED SHORT  NON USER SOLD LONG= LESS MOMENTUM
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST-UP  VOLUME UP  WORLD STOCKS UP    
TRADING: FLAT NET BUYING DECELERATED MET RESISTANCE BELOW 1ST REVISED TREND UP+@532
TARGETS: 464  503  (513  532)  555  600  646 MONTHLY HIGH-LOW PRICE RANGE (464-532)
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 UP  VOLUME DOWN 
TRADING: FLAT NET SELLING DECELERATED IN DOWN RANGE OF 7650-7579@7579 SUPPORT      
TARGETS: (7527  7668)  7774  7856  8020  8185   HIGHER LOWS  OVERBOUGHT
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT=LESS MOMENTUM
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP-LESS-@2ND REVISED  OPEN INTEREST UP  VOLUME DOWN
TRADING: DOWN  SELLNG DECELERATED BROKE OUT DOWNSIDE BELOW TREND+
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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