Thursday, December 10, 2015

Farm Commodity Settlements/CME, December 10/2015 THURSSDAY
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADE
TRENDS:  UP/LINES ACROSS ASCENDING LOWS, DOWN/LINES ACROSS DESCENDING HIGHS
TRADING: DAILY MOVE VOLATILITY ACTIVITY RELATIVE TO TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: PRICE UP-GRADUAL  OPEN INTEREST FLAT/UP  VOLUME DOWN  WORLD STOCKS FLAT
TRADING: UP EVEN BUYING RESISTANCE@378+PREVIOUS HIGHS MULTI DAY MOVE IS FLAT
TARGETS: 360  368  (373-378)  386  395                       PREMIUM MARKET     HIGHER LOW
POSITIONS:: HEDGER LESS NET LONG INVESTOR LESS NET SHORT=LESS VOLATILITY
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP /MODERATE  OPEN INTEREST UP  VOLUME DOWN WORLD /STOCKS FLAT
TRADING: HIGHER EVEN SELLING@885 RESISTANCE SUPPORT@REVISED TREND ACROSS HIGHER LOW    
TARGETS: 850  865  (876-885)  902  928                     PREMIUM MARKET       
POSITIONS: HEDGERS LESS NET LONG  INVESTORS LESS NET SHORT=LESS VOLATILITY
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP /STRONG OPEN INTEREST/VOLUME FLAT/WEAK  W/STOCKS UP/MODERATE    
TRADING HIGHER EVEN NET BUYING TESTED RESISTANCE@492+PREVIOUS HIGHS CLOSED ABOVE 492   
TARGETS: 531  503  (492-482)  466  453                 PREMIUM MARKET        HIGHER LOWS
POSITIONS: HEDGERS MORE NET LONG  INVESTORS MORE NET SHORT=MORE VOLATILITY  
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN  OPEN INTEREST UP  VOLUME UP
TRADING: DOWN ACCELERATED NET SELLING BELOW TREND ABOVE TARGET SUPPORT@7297
TARGETS:  7780  7573  7490  (7418-7297)  7200                                      LOWER HIGHS    
POSITIONS: HEDGERS FLAT NET LONG  INVESTORS FLAT NET SHORT=FLAT VOLATILITY
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN/MORE  OPEN INTEREST UP  VOLUME UP
TRADING: LOWER EVEN NET SELLING TESTED SUPPORT@TREND BREAKOUT BELOW 125 
TARGETS: 174  153  145  137-(125)-115)                       PREMIUM MARKET     LOWER  HIGHS      
POSITIONS: HEDGERS LESS NET LONG  INVESTORS LESS NET SHORT=LESS VOLATILITY
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