Thursday, July 16, 2015

FARM COMMODITY SETTLEMENTS-CME JULY 16/2015 THURSDAY
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 DOWN, WORLD SUPPLY PROJECTED DOWN
TRADING: UP/SAME, OFFSET SELLING, RESISTANCE@441+2 TRENDS/1-LONG+1-SHORT TERM       
TARGETS: 348-368-383-395-418-441 ACTIVITY (OI/VOL) SUPPORTS CONSOLIDATION IN 418-441                                         
COMMITMENTS: USERS SOLD SHORT+SOLD LONG, FUNDS COVERED SHORT+BOUGHT LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICES DOWN,  OPEN INTEREST FLAT, VOLUME DOWN, WORLD SUPPLY PROJECTED UP
TRADING: UP/SAME+OFFSET SELLING, FLAT HIGHS, FLAT ACTIVITY EQUALS CONSOLIDATION 967-1037
TARGETS: 897-927-949-967-1002-1037                                           
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: UP/SAME, NET SELLING, PRESENT ACTIVITY SUPPORTS CONSOLIDATION INSIDE 566-601
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 FLAT
TRADING: DOWN/LESS, SELLING, SUPPORT@7707, ALONG LOW OF CHANNEL AS RESISTANCE    
TARGETS: 8090-7871-7783-7707-7579-7477                         
COMMITMENTS: NET CHANGE: USERS BOUGHT LONG, FUNDS/SMALL TRADERS SOLD SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICES DOWN (IN LOWER CHANNEL), OPEN INTEREST DOWN, VOLUME UP
TRADING: DOWN/MORE, SELLING, SUPPORT@PREVIOUS LOW+LOW OF OVERSOLD CHANNEL                                                                                                                                                                                                                                                                                                                                                   
TARGETS:307-250-227-207-174-147                                        
COMMITMENTS: USERS BOUGHT LONG+COVERED SHORT, FUNDS SOLD LONG+SOLD SHORT

No comments:

Google+