Wednesday, July 15, 2015

FARM COMMODITY SETTLEMENTS-CME JULY 15/2015 WEDNESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LINES JOIN HIGHS+HIGHS AND LOWS+LOWS=CHANNELS/DIRECTION-YEARLY
TRADING: DAILY MOVEMENT+ACTIVITY+PREVAILING STRENGTH,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF DAILY MOVES, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICES UP/LESS, OPEN INTEREST UP, VOLUME UP, WORLD SUPPLY PROJECTED DOWN
TRADING: DOWN/LESS, BUYING@DOUBLE SUPPORT, NEED LOWER CLOSE TO CONTINUE       
TARGETS: 348-368-383-395-418-441   PROJECT CLOSE RESISTANCE/SUPPORT POINTS                                          
COMMITMENTS: USERS SOLD SHORT+SOLD LONG, FUNDS COVERED SHORT+BOUGHT LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICES DOWN,  OPEN INTEREST FLAT, VOLUME UP, WORLD SUPPLY PROJECTED UP
TRADING: DOWN/SAME+NET SELLING, DOUBLE SUPPORT@1002, OPEN INTEREST/WEAK SUPPORT 
TARGETS: 897-927-949-967-1002-1037                               NO TREND UP HAS BEEN CONFIRMED                        
COMMITMENTS: USERS SOLD SHORT+SOLD LONG, FUNDS COVERED SHORT
WHEAT: 40 CENT DAILY LIMIT                  
TRENDS: PRICES UP,-OPEN INTEREST UP, VOLUME DOWN WORLD SUPPLY PROJECTED UP
TRADING: DOWN/SAME, NET BUYING BELOW+CLOSED ABOVE 566+NEAR SUPPORT@CHANNEL LOW
TARGETS: 461-491-513-531-566-601                                                             
COMMITMENTS: USERS SOLD SHORT+SOLD LONG, FUNDS BOUGHT LONG+COVERED SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICES DOWN  OPEN INTEREST UP,  VOLUME UP
TRADING: DOWN/MORE, SELLING, SUPPORT@7741, MOVE THROUGH 7850 CONFIRMED    
TARGETS: 9799-8917-8564-8256-7741-7329                         
COMMITMENTS: NET CHANGE: USERS BOUGHT LONG, FUNDS/SMALL TRADERS SOLD SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICES DOWN, OPEN INTEREST DOWN, VOLUME UP
TRADING: DOWN/MORE, SELLING, BROKE/CONFIRMED THROUGH SUPPORT@174                                                                                                                                                                                                                                                                                                                                                   
TARGETS:307-250-227-207-174-147                                        
COMMITMENTS: USES BOUGHT LONG+COVERED SHORTC, FUNDS SOLD LONG+SOLD SHORT

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