Thursday, July 23, 2015

FARM COMMODITY SETTLEMENTS-CME JULY 23/2015 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: 1ST OVERSOLD CHANNEL UP/LESS, OPEN INTEREST FLAT, VOLUME DOWN,
TRADING: MOVE DOWN/LESS SO, MATCHED BUYING+OPEN INTEREST=PROVIDING SUPPORT        
TARGETS: 443-421-412-405-404-392-381           WORLD STOCKS PROJECTED DOWN
COMMITMENTS: USERS SOLD SHORT ONLY, FUNDS COVERED SHORT+BOUGHT LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: CHANNEL/NARROW DOWN,  OPEN INTEREST UP, VOLUME FLAT, 
TRADING: MOVE DOWN/MORE, NET SELLING, PROJECTED SUPPORT@975-OPEN INTEREST WEAK  
TARGETS: 1045-1005-989-975-952-933    WORLD STOCKS PROJECTED UP                                       
COMMITMENTS: USERS SOLD SHORT-BOT LONG, FUNDS/OTHER COVERED SHORT-BOT LONG
WHEAT: 40 CENT DAILY LIMIT                  
TRENDS: CHANNEL/NARROW DOWN-OPEN INTEREST FLAT/UP, VOLUME FLAT 
TRADING:MOVE DOWN/FLAT, MATCHED SELLING+FLAT/OPEN INTEREST/VOLUME GIVING SUPPORT 
TARGETS: 618-572-554-538-511-489        WORLD STOCKS PROJECTED UP
COMMITMENTS: USERS/FUNDS SOLD SHORT+BOT LONG, OTHERS BOUGHT LONG
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: CHANNEL/NARROW DOWN, OPEN INTEREST UP  VOLUME FLAT
TRADING: MOVE/NARROW DOWN/, MATCHED SELLING,  SUPPORT@7650 VALID   
TARGETS: 8090-7871-7783-7707-7650-7579-7477                                           OVERSOLD
COMMITMENTS: NET CHANGE: USERS BOUGHT LONG, FUNDS/SMALL TRADERS SOLD SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: 1ST OVERSOLD CHANNEL DOWN, OPEN INTEREST UP/FLAT, VOLUME DOWN
TRADING: MOVE DOWN/MORE , NET SELLING,  SUPPORT ABOVE 164 PENETRATED+STRONGER
TARGETS: 206-194-189-185-178-172-164                                                         OVERSOLD
COMMITMENTS: USERS BOUGHT LONG+COVERED SHORT' FUNDS SOLD LONG+SOLD SHORT

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