Tuesday, May 26, 2015

FARM COMMODITY SETTLEMENTS-CME MAY 26/2015 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        in upper narrow channel
TRENDS: PRICE-DOWN, OPEN INTEREST-UP, VOLUME MODERATE, SUPPLY-DOWN
TRADING: DOWN, ACCELERATED, NET SELLING, FOLLOWING TREND MID CHANNEL AS SUPPORT  
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    mid very narrow channel
Trends: price-down, open interest-up, volume-moderate, supply-up
TRADING: DOWN, ACCELERATED, NET OFFSET, NEW CHANNEL 2ND REVISED DOWN-MORE STEEP
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 lower moderate channel
Trends: price-up, open interest-flat, volume-moderate, supply-up
TRADING: DOWN, ACCELERATED, SELLING, CLOSED NEAR BOTTOM OF CHANNEL 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-@top of new channel
Trends: price-down/steep, open interest-up, volume-moderate
Trading: down, accelerated, selling, new channe@top as resistance  
Targets: 8931-8545-8391-8256-8030-7850       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: down, accelerated, net selling-serious penetration of bottom
Targets: 159-187-214-232-269-306           net coms: trade-off
Commitments:-net change: others-divested long, funds-divested short
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