Saturday, November 07, 2015

Farm Commodity Settlements/CME, November 6/2015 Friday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION-ACTIVITY-RELATIVE STRENGTH/S,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICE DOWN  OPEN INTEREST UP  VOLUME UP  WORLD STOCKS DOWN
TRADING: DOWN NET SELLING DECELERATED BREAKOUT MET SUPPORT@372
TARGETS: (400  372)  361  351  335  322    LOWER HIGHS BELOW TREND            
NET POSITIONS:: USER FLAT LONG  NON USER FLAT SHORT=RELATIVE STRENGTH-FLAT
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP-LESS OPEN INTEREST UP  VOLUME DOWN WORLD STOCKS UP
TRADING: DOWN NET BUYING DECELERATED SUPPORT@PREVIOUS LOW+ABOVE 855  
TARGETS: (855  890)  916 937  978  1016    FLAT LOWS@855        HIGHER CLOSE
NET POSITIONS: USER LESS LONG  NON USER NOW LONG=RELATIVE STRENGTH-FLAT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST-DOWN  VOLUME DOWN  WORLD STOCKS UP    
TRADING: FLAT MATCHED BUYING FLAT TESTED RESISTANCE@524+CLOSED BELOW
TARGETS: 480  499 513  524  546  569     LOWER HIGH
NET POSITIONS: USER LESS LONG  NON USER LESS SHORT=RELATIVE STRENGTH-LESS 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN-NEW  OPEN INTEREST UP  VOLUME UP
TRADING: DOWN NET SELLING ACCELERATED TESTED+CLOSED ABOVE SUPPORT@7490      
TARGETS:  7780  (7573  7490)  7418  7297  7200              LOWER HIGHS
NET POSITIONS: USER FLAT LONG  NON USER FLAT SHORT=RELATIVE STRENGTH-FLAT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP-LESS  OPEN INTEREST UP  VOLUME UP
TRADING: FLAT MATCHED SELLING DECELERATION ABOVE TREND SUPPORT
TARGETS: 144 (156  165)  172  186  200         HIGHER LOWS         
NET POSITIONS: USER LESS LONG  NON USER MORE SHORT=RELATIVE STRENGTH-FLAT
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