Thursday, May 21, 2015

FARM COMMODITY SETTLEMENTS-CME MAY 21/2015 THURSDAY
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-FLAT, VOLUME MODERATE, PROJECTED SUPPLY-DOWN
TRADING: UP, ACCELERATED, NET BUYING, APPEARS DUE TO SHORT LIVED SHORT COVERING 
Targets: 419-392-385-373-359-347         upper 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, ACCELERATED, NET SHORT SELLING, SUPPORT@CHANNEL LOW TESTED
Targets: 1087-1014-985-959-917-883      lower 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: UP, ACCELERATED, NET BUYING, THROUGH 511 TOWARD CHANNEL TOP 
Targets: 677-606-598-558-553-511-478   upper moderate channel
Commitments-net change: users-invested short, funds-invested long
CANADIAN DOLLAR/USD: 4.00 dollar daily limit
Trends: price-up, open interest-down, volume-low
Trading: flat, decelerated, offset buying, support@low penetrated  
Targets: 7781-8048-8250-8365-8406         lower 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-up, volume-moderate
Trading: up, accelerated, buying, from low of new revised trend
Targets: 159-187-214-232-269-306           lower wide channel
Commitments:-net change: others-invested long, funds-invested short
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