Tuesday, May 19, 2015

FARM COMMODITY SETTLEMENTS-CME MAY 19/2015 TUESDAY
Markets: price supply-demand during relative strength trading
Trends: lines parallel through highs, through lows, channels
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 HIGH, PROJECTED SUPPLY-DOWN
TRADING: DOWN, INCREASING, SELLING, CORRECTION FROM LOWER HIGH TO SUPPORT@359
Targets: 419-392-385-373-359-347         mid narrow channel
Commitments-net change: users invested short, others divested short
SOYBEANS: 70 cent daily trading limit
Trends: price-down, open interest-up, volume-moderate, supply-up
TRADING: DOWN, INCREASED, NET SELLING, SUPPORT@CHANNEL+PREVIOUS LOW-TESTED
Targets: 1087-1014-985-959-917-883      low in narrow channel
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: DOWN, NO CHANGE, NET SELLING FROM LOWER HIGH+SUPPORT@511 
Targets: 677-606-598-558-553-511-478    high in moderate channel
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, decreased, net selling through support@8250 
Targets: 7781-8048-8250-8365-8406         high in wide channel
Commitments-net change: users invested short, funds-divested short
HEATING OIL (ULSD): 25 cent daily limit
Trends: price-up/less so, open interest-flat, volume-moderate
Trading: down, increased, selling, from lower high through low
Targets: 159-187-214-232-269-306         correction of narrow channel
Commitments:-net change: others-invested long, funds-invested short
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