Tuesday, July 26, 2011

Farm Commodities-Trend lines+Trading+Targets

SETTLEMENTS-2014 JULY 31 THURSDAY
market-prices supply/demand with relative strength trading
trend line: joins highs with highs, lows with lows=direction 
trading-movement+activity+length of hilo price range+force 
targets-price projections (up) or (dn) in direction trend line
Corn-  
net position/last tues, big users-less short, funds-less long
trend line-lower high+last open interest-lower high+supply-up
trading-dn+net selling+acceleration+@328+t-line as support
targets, 406-377-328-290            momentum=less bearish
Wheat- 
net position/last tues, big users-less short, funds-more short
trend line-lower highs+last open interest-up@high+supply-up
trading-up+net buying+acceleration+@trend resistance
targets, 570-541-519-497            momentum=less bearish
Soybeans
net position/last tues, big users-more long, funds-less long
trend line-flat highs+last open interest-lower high+supply-up
trading-dn+balance+deceleration+pause in move
targets, 1057-1107-1142-1172     momentum=less bullish             
Cdlr- 
net position/last tues, big users-more short, funds-less long
trend line-dn/lower highs+last open interest-lower high
trading-dn+in balance+deceleration+pause@9140 as support
targets 9244-9205-9140-9088     momentum==less bearish
Heating oil-
net position/last tues, users-less short, funds-less long         
trend line-higher lows+last open interest-up/less-higher low
trading-dn+balanced buying+constant+near 286 as support
targets 304-300-292-286              momentum=less bullish
                                       
                                                 


                                                                                                                                                                                                                                                                                                                          

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