Tuesday, July 26, 2011

Farm Commodities-Trendlines+Trading+Targets

-market=where supply/demand is being priced
-trendline joins (lows=uptrend) (highs=dntrend)=relative strength 
-move=direction=using range of high and low prices
-trading=occurring in+relative to-width of high/low price range
-targets-price projections (up) or (dn) in the direction trading

Corn-  end stocks-13/14=158.00mmt (72.20 in china)
trendline-(up)+open interest-(up)+supply-(un)  =bullish
trading-(flat)-strength (=)-matched above 500-trendline as support
targets, 453-469-500-532                          =less bullish
Wheat- end stocks-13/14=186.68mmt (58.18 in china)
trendline- (dn)+open interest-(dn)+supply-(up)  =bearish
trading-(up)-strength (+)-sign short covering-closed above trend
targets, 562-650-700-751                         =short term bullish
Soybeans- end stocks-13/14=69.42mmt (13.70 in china)
trendline-(up)+open interest (up)+supply-(dn)  =bullish
trading-(up)-strength (+)-net buying+closed above trendline
targets, 1453-1384-1356-1292                  =bullish             
Cdlr-  net commitments: users-less long, funds-less short
trendline-(up)+open interest-(up)
trading-(dn/less so)-strength(--)-some buying-possible flag
targets 9091-8914-8618-8382                   =less bullish
Heating oil- net commitments: -users less short-funds less long         
trendline-(up)+open interest-(up)
trading-(up)-strength (--)+net buying above trendline as support
targets 289-295-306-317                            =bullish


No comments:

Post a Comment