Tuesday, July 21, 2015

FARM COMMODITY SETTLEMENTS-CME JULY 21/2015 TUESDAY
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: CHANNEL UP/LESS, OPEN INTEREST FLAT, VOLUME DOWN, WORLD STOCKS PROJECTED DOWN
TRADING: MOVE DOWN/LESS,SO, MATCHED, SUPPORT@405 AS EXPECTED, COULD BE STRONGER      
TARGETS: 348-368-383-395-418-441           WIDER RANGE CONSOLIDATION UNDER TEST
COMMITMENTS: USERS SOLD SHORT ONLY, FUNDS COVERED SHORT+BOUGHT LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: CHANNEL DOWN,  OPEN INTEREST FLAT, VOLUME UP, WORLD STOCKS PROJECTED UP
TRADING: MOVE UP/REDUCED, MATCHED, HIGHER LOW PROJECTS FORWARD INSIDE 1002-1037 
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: CHANNEL DOWN/NAROOW-OPEN INTEREST FLAT/UP, VOLUME FLAT 
TRADING:MOVE DOWN/LESS, NET SELLING, PENETRATED SUPPORT@531, HIGHS CONTINUE LOWER 
TARGETS: 461-491-513-531-566-601        WORLD STOCKS PROJECTED UP
COMMITMENTS: USERS/FUNDS SOLD SHORT+BOT LONG, OTHERS BOUGHT LONG
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: CHANNEL DOWN  OPEN INTEREST UP  VOLUME UP
TRADING: MOVE UP/MORE SO, NET BUYING,, SUPPORT@7650 HELD, TEST/RESISTANCE@7707  
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: CHANNEL DOWN (1ST LOWER CHANNEL), OPEN INTEREST UP, VOLUME DOWN
TRADING: MOVE UP/INCREASED NET BUYING, NO CONSECUTIVE LOWER CLOSES BELOW 174
TARGETS: 307-250-227-207-174                                                                     OVERSOLD
COMMITMENTS: USERS BOUGHT LONG+COVERED SHORT' FUNDS SOLD LONG+SOLD SHORT
Post a Comment
Google+