Monday, May 18, 2015

FARM COMMODITY SETTLEMENTS-CME MAY 18/2015 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-UP, VOLUME MODERATE, PROJECTED SUPPLY-DOWN
TRADING: FLAT, ACCELERATING, NET BUYING, RESISTANCE@373+POTENTIAL NEW HIGH
Targets: 419-392-385-373-359-347         versus trend=oversold/less so
Commitments-net change: users invested short, others divested short
SOYBEANS: 70 cent daily trading limit
Trends: price-down, open interest-flat, volume-moderate, supply-up
TRADING: FLAT, ACCELERATED, INVEST-DIVEST OFFSET, RESISTANCE@959 TESTED-PREVAILED 
Targets: 1087-1014-985-959-917-883      versus trend=oversold
Commitments-net change: users-invested long, funds-invested short
WHEAT: 40 cent daily limit
Trends: price-up, open interest-down, volume-moderate, supply-up
Trading: up, accelerated, net buying, through resistance-steep move 
Targets: 677-606-598-558-553-511-478    versus trend=on trend
Commitments-net change: users-invested short, funds-invested long
CANADIAN DOLLAR/USD: 4.00 dollar daily limit
Trends: price-up/less so, open interest-down, volume-moderate
Trading: down, accelerated, selling, support@8250 penetrated 
Targets: 7781-8048-8250-8365-8406         versus trend=oversold
Commitments-net change: users invested short, funds-divested short
HEATING OIL (ULSD): 25 cent daily limit
Trends: price-up/less, open interest-virtually flat, volume-moderate
Trading: up, decelerated, selling, support@new trend penetrated
Targets: 159-187-214-232-269-306              versus trend=on trend
Commitments:-net change: others-invested long, funds-invested short
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