Tuesday, July 26, 2011

Farm Commodities-Trend lines+Trading+Targets

SETTLEMENTS-2014 JULY 24 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-DN+open interest-UP+supply-UP
trading-flat+trade off+accelerating+@trend line as support
targets, 406-377-328-290            momentum=bearish
Wheat- 
net position/last tues, big users-more short, funds-more short
trend line-DN+open interest-UP+supply-UP
trading-dn/flat+spiked+accelerating+above 519 support
targets, 570-541-519-497            momentum=less bearish
Soybeans
net position/last tues, big users-long, funds-less long
trend line-DN+open interest-UP+supply-UP
trading-dn/snaking+spiked+accelerating+@double resistance
targets, 1170-1142-1097-1061    momentum=mixed             
Cdlr- 
net position/last tues, big users-more short, funds-long
trend line-DN+open interest-DN
trading-flat+net selling+acceleration+move dn signal
targets 9309-9287-9250-9220     momentum=bearish
Heating oil-
net position/last tues, users-same short, funds-less long         
trend line-DN+open interest-DN
trading-flat+net selling+decelerating+break out-no confirmation
targets 288-280-267                    momentum=bearish
                                       
                                                 


                                                                                                                                                                                                                                                                                                                          

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