Wednesday, July 22, 2015

FARM COMMODITY SETTLEMENTS-CME JULY 22/2015 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: 1ST OVERSOLD CHANNEL UP/LESS, OPEN INTEREST DOWN, VOLUME DOWN,
TRADING: MOVE DOWN/MORE, NET SELLING, BELOW/TESTING SUPPORT@405+LOWER HIGHS      
TARGETS: 348-368-383-395-418-441           WORLD STOCKS PROJECTED DOWN
COMMITMENTS: USERS SOLD SHORT ONLY, FUNDS COVERED SHORT+BOUGHT LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: CHANNEL DOWN,  OPEN INTEREST UP, VOLUME DOWN, WORLD STOCKS PROJECTED UP
TRADING: MOVE DOWN/MORE, NET SELLING, RESISTANCE@HIGH OF CHANNEL-HOLDING DAY 2 
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/NARROW-OPEN INTEREST FLAT/UP, VOLUME FLAT 
TRADING:MOVE DOWN/LESS, NET SELLING, BELOW/THROUGH SUPPORT@531, FROM LOWER HIGHS 
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 /NARROW OPEN INTEREST UP  VOLUME UP
TRADING: MOVE DOWN/MORE SO, NET SELLING, SUPPORT@LOW OF CHANNEL-TARGET 7650  
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 OVERSOLD CHANNEL), OPEN INTEREST UP, VOLUME DOWN
TRADING: MOVE FLAT/LESS, NET SELLING, SIGN OF ROUNDED BOTTOM-SUPPORT@174 HOLDS
TARGETS: 307-250-227-207-174                                                                     OVERSOLD
COMMITMENTS: USERS BOUGHT LONG+COVERED SHORT' FUNDS SOLD LONG+SOLD SHORT

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