Monday, June 01, 2015

FARM COMMODITY SETTLEMENTS-CME JUNE 1/2015 MONDAY
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        mid channel
TRENDS: PRICE-DOWN, OPEN INTEREST-UP, VOLUME MODERATE, SUPPLY-DOWN
TRADING: DOWN, DECELERATED, TRADE-OFF, FOLLOWING TREND AS RESISTANCE   
Targets: 419-392-385-373-359-347  net commitments: little change
Commitments-net change: users invested long, funds invested short
SOYBEANS: 70 cent daily trading limit  less oversold   
Trends: price, down, open interest-up, volume-high, supply-up
TRADING: DOWN, DECELERATED, NET SELLING, FOLLOWING RESISTANCE AT BOTTOM OF CHANNEL
Targets: 1087-1014-985-959-917-883 net commitments: offset change
Commitments-net change: users-divested short, funds-invested short
WHEAT: 40 cent daily limit                    no channel
Trends: price-down, open interest-up, volume-moderate, supply-up
TRADING: UP, ACCELERATED, BUYING, FROM SUPPORT AT BOTTOM OF MOVE=478+TREND-LINE
Targets: 677-606-598-558-553-511-478  net coms: trade-off
Commitments-net change: users-divested short, funds-divested long
CANADIAN DOLLAR/USD: 4.00 dollar daily limit-   upper new channel
Trends: price-down/steep-narrow, open interest-flat, volume-high
Trading: down, accelerated, net selling,@top of channel as resistance  
Targets: 8931-8545-8391-8256-8030-7850       net coms: trade-off  
Commitments-net change: users divested short, funds invested short
HEATING OIL (ULSD): 25 cent daily limit    @bottom of wide channel
Trends: price-up/less so, open interest-up, volume-moderate
Trading: flat, decelerated, selling-start of lower high 
Targets: 159-187-214-232-269-306           net coms: trade-off
Commitments:-net change: users divested short, funds invested long
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