Sunday, July 05, 2015

FARM COMMODITY SETTLEMENTS-CME JULY 2/2015 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS: GIVE DIRECTION: LINES JOINING HIGHS WITH HIGHS AND LOWS WITH LOWS
TRADING: DAILY MOVE+MOVING FORCE+ACTIVITY+PREVAILING STRENGTH,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF DAILY MOVES, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICES UP, OPEN INTEREST UP, VOLUME DOWN, WORLD SUPPLY PROJECTED DOWN
TRADING: UP+DECELERATED+NET BUYING ON BACK OF SHORT COVERING-THROUGH 418        
TARGETS: 348-368-383-395-418-441                                                          OVERBOUGHT
COMMITMENTS:-NET CHANGE: USERS SOLD SHORT, INVESTORS/OTHERS COVERED SHORT
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICES UP,  OPEN INTEREST FLAT VOLUME DOWN, WORLD SUPPLY PROJECTED UP
TRADING: FLAT+DECELERATED+CLOSE OFFSET SELLING+AT 1037 AS RESISTANCE-FOR 3RD DAY 
TARGETS: 897-927-949-967-1002-1037                                                       OVERBOUGHT
COMMITMENTS: NET CHANGE: USERS SOLD SHORT, INVESTORS/OTHERS COVERED SHORT
WHEAT: 40 CENT DAILY LIMIT                  
TRENDS: PRICES UP,-OPEN INTEREST UP, VOLUME DOWN, WORLD SUPPLY PROJECTED UP
TRADING: DOWN+DECELERATED+OFFSET SELLNG AT 601 RESISTANCE+THROUGH CHANNEL HIGH-
TARGETS: 461-491-513-531-566-601                                                             
COMMITMENTS- NET CHANGE: USERS/OTHERS BOUGHT LONG, INVESTORS SOLD LONG
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICES DOWN  OPEN INTEREST UP,  VOLUME UP
TRADING: DOWN+DECELERATED+NET BUYING ON SUPPORT LEVEL AT LOW OF CHANNEL   
TARGETS: 8931-8545-8391-8256-8030-7850           
COMMITMENTS: NET CHANGE: USERS/OTHERS COVERED SHORT, INVESTORS SOLD LONG
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICES DOWN,/  OPEN INTEREST FLAT, VOLUME DOWN
TRADING: DOWN+WIDE GAP SO FAR TONIGHT RESTING ON SUPPORT OF CHANNEL LOW                                                                                                                                                                                                                                                                                                                                                     
TARGETS: 206-194-189-185-178-172           
COMMITMENTS: NET CHANGE: USERS BOUGHT LONG, INVESTORS/OTHERS COVERED SHORT

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