Saturday, July 18, 2015

FARM COMMODITY SETTLEMENTS-CME JULY 17/2015 FRIDAY
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 FLAT, VOLUME DOWN, WORLD STOCKS PROJECTED DOWN
TRADING: DOWN/MORE, SELLING, NEW MOVE DOWN,  LOWER HIGHS+LOWS, SUPPORT@418      
TARGETS: 348-368-383-395-418-441                    CONSOLIDATION UNDER TEST                      
COMMITMENTS: USERS SOLD SHORT ONLY, FUNDS COVERED SHORT+BOUGHT LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICES DOWN,  OPEN INTEREST FLAT, VOLUME DOWN, WORLD STOCKS PROJECTED UP
TRADING: DOWN/LESS, NET SELLING, OPEN INTEREST AND VOLUME WEAK SUPPORT AT THIS LEVEL, 
TARGETS: 897-927-949-967-1002-1037                                           
COMMITMENTS: USERS SOLD SHORT-BOT LONG, FUNDS/OTHER COVERED SHORT-BOT LONG
WHEAT: 40 CENT DAILY LIMIT                  
TRENDS: PRICES UP,-OPEN INTEREST UP, VOLUME DOWN WORLD STOCKS PROJECTED UP
TRADING:DOWN/MORE, NET SELLING, SUPPORT TESTED@BOTH 566+PRICE CHANNEL LOW
TARGETS: 461-491-513-531-566-601                                                             
COMMITMENTS: USERS/FUNDS SOLD SHORT+BOT LONG, OTHERS BOUGHT LONG
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICES DOWN  OPEN INTEREST UFLAT  VOLUME FLAT
TRADING: DOWN/LESS, NET SELLING, SUPPORT@7707 TESTED,  RESISTANCE@CHANNEL LOW    
TARGETS: 8090-7871-7783-7707-7579-7477                                                      OVERSOLD
COMMITMENTS: NET CHANGE: USERS BOUGHT LONG, FUNDS/SMALL TRADERS SOLD SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICES DOWN (1ST LOWER CHANNEL), OPEN INTEREST UP, VOLUME DOWN
TRADING: DOWN/MORE, OFFSET SELLING, THROUGH SUPPORT TO LOW 1ST LOWER CHANNEL                                                                                                                                                                                                                                                                                                                                                    
TARGETS:307-250-227-207-174-147                                                        OVERSOLD                            
COMMITMENTS: USERS BOUGHT LONG+COVERED SHORT, FUNDS SOLD LONG+SOLD SHORT

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