Monday, May 11, 2015

FARM COMMODITY SETTLEMENTS-CME MAY 11/2015 MONDAY
Markets: price supply-demand during relative strength trading
Trends: join prices, highs with highs, lows with lows, giving direction
Trading: daily move, momentum, activity, prevailing strength
Targets: projected price objectives of trends and trading
CORN: 30 cent daily trading limit
Trends: price-down, open interest-flat, volume-moderate, supply-up
Trading: flat, unchanged, selling, support@359+minor trend
Targets: 419-392-385-373-359-347         versus major trend=oversold
Commitments-net change: users invested long, funds invested short
SOYBEANS: 70 cent daily trading limit
Trends: price-down, open interest-down, volume-low, supply-flat
TRADING: UP, ACCELERATED, NET SELLING, RESISTANCE AT MINOR TREND PREVAILED
Targets: 1087-1014-985-959-917-883      versus major trend=oversold
Commitments-net change: others-divested long, funds-invested long
WHEAT: 40 cent daily limit
Trends: price-down, open interest-up, volume-low, supply-flat
Trading: flat, decelerated, net buying, resistance@478 penetrated
Targets: 677-606-598-558-553-511-478   versus major trend=on trend
Commitments-net change: users-invested long, funds-invested short
CANADIAN DOLLAR/USD: 4.00 dollar daily limit
Trends: price-up/less-revised, open interest-down, volume-low
Trading: flat, decelerated, net buying, resistance@8250 penetrated
Targets: 7781-8048-8250-8365-8406 versus major trend=on trend
Commitments-net change: users invested short, funds-divested short
HEATING OIL (ULSD): 25 cent daily limit
Trends: price-up/less, open interest-up, volume-moderate
Trading: flat, decelerated, net selling-support@minor trend tested
Targets: 159-187-214-232-269-306              versus trend=oversold
Commitments:-net change: users-divested long, funds-invested long
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