Sunday, May 24, 2015

FARM COMMODITY SETTLEMENTS-CME MAY 22/2015 FRIDAY
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        in upper narrow channel
TRENDS: PRICE-DOWN, OPEN INTEREST-UP, VOLUME MODERATE, SUPPLY-DOWN
TRADING: FLAT, FLAT, SHORT SELLING, SUPPORT-359+OPEN INTEREST-NEW HIGH 
Targets: 419-392-385-373-359-347       net coms: hedging prevailed
Commitments-net change: users invested long, funds invested short
SOYBEANS: 70 cent daily trading limit  in lower narrow channel
Trends: price-down/more, open intrest-up, vol-moderate, supply-up
TRADING: DOWN, ACCELERATED, SHORT SELLING, PENETRATED BOTTOM OF CHANNEL
Targets: 1087-1014-985-959-917-883    net coms: pricing prevailed
Commitments-net change: users-divested short, funds-invested short
WHEAT: 40 cent daily limit                  in upper moderate channel
Trends: price-up, open interest-flat, volume-moderate, supply-up
TRADING: FLAT, FLAT, NET SELLING, FLAT@511 AS SUPPORT 
Targets: 677-606-598-558-553-511-478  net coms: trade-off
Commitments-net change: users-invested short, funds-invested long
CANADIAN DOLLAR/USD: 4.00 dollar daily limit-@bottom in channel
Trends: price-up, open interest-up, volume-moderate
Trading: down, accelerated, selling, support@bottom penetrated  
Targets: 7781-8048-8250-8365-8406       net coms: trade-off  
Commitments-net change: users invested short, funds-divested short
HEATING OIL (ULSD): 25 cent daily limit    @bottom in wide channel
Trends: price-up/less so, open interest-down, volume-moderate
Trading: flat, decelerated, selling, support@bottom of new trend
Targets: 159-187-214-232-269-306           net coms: trade-off
Commitments:-net change: others-divested long, funds-divested short
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