Saturday, December 05, 2015

Farm Commodity Settlements/CME, December 4/2015 Friday
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/NEW  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS UP
TRADING: UP DECELERATED BUYING BREAKOUT/RESISTANCE@378/CLOSED ABOVE
TARGETS: 360  368  373  (378  386)  395                       PREMIUM MARKET       LOWER HIGH
POSITIONS:: HEDGER LESS NET LONG INVESTOR LESS NET SHORT=LESS VOLATILITY
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP  OPEN INTEREST UP  VOLUME FLAT  WORLD /STOCKS DOWN
TRADING: UP DECELERATED BUYING RALLY FROM OVERSOLD MARKET PIERCED 902 CLOSED UP   
TARGETS: 850  865  876  885  (902  928)                     PREMIUM MARKET         HIGHER LOWS  
POSITIONS: HEDGERS LESS NET LONG  INVESTORS LESS NET SHORT=LESS VOLATILITY
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP/NEW  OPEN INTEREST FLAT  VOLUME DOWN  WORLD STOCKS FLAT    
TRADING UP DECELERATED BUYING BREAKOUT RESISTANCE@482/CLOSED ABOVE    
TARGETS: 531  503  (492  482)  466  453                 PREMIUM MARKET        LOWER HIGHS
POSITIONS: HEDGERS MORE NET LONG  INVESTORS MORE NET SHORT=MORE VOLATILITY  
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/UNDER TEST  OPEN INTEREST UP/FLAT  VOLUME UP/FLAT
TRADING: DOWN NEUTRAL NET SELLING ON TREND AS SUPPORT THROUGH 7490/CLOSED BELOW     
TARGETS:  7780  (7573  7490)  7418  7297  7200                                LAST ULTIMATE LOW 7418
POSITIONS: HEDGERS FLAT NET LONG  INVESTORS FLAT NET SHORT=FLAT VOLATILITY
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN  OPEN INTEREST FLAT  VOLUME DOWN
TRADING: FLAT DECELERATED NET SELLING CLOSED BELOW TREND/132 AS SUPPORT 
TARGETS: 174  159  153  148  (139 132)                     PREMIUM MARKET       FLAT HIGHS      
POSITIONS: HEDGERS LESS NET LONG  INVESTORS LESS NET SHORT=LESS VOLATILITY
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