Monday, July 06, 2015

FARM COMMODITY SETTLEMENTS-CME JULY 6/2015 MONDAY
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: DOWN+ACCELERATED+OFFSET BUYING+RESISTANCE HELD AT CHANNEL HIGH       
TARGETS: 348-368-383-395-418-441                                                          OVERBOUGHT
COMMITMENTS: NET CHANGE-USERS/SMALL TRADERS SOLD LONG, FUNDS COVERED SHORT
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICES DOWN  OPEN INTEREST FLAT VOLUME DOWN, WORLD SUPPLY PROJECTED UP
TRADING: DOWN+DECELERATED+NET SELLING+MOVE THROUGH CHANNEL HIGH NOT CONFIRMED 
TARGETS: 897-927-949-967-1002-1037                                                       OVERBOUGHT
COMMITMENTS: NET CHANGE: USERS SOLD SHORT, FUNDS/SMALL TRADERS COVERED SHORT
WHEAT: 40 CENT DAILY LIMIT                  
TRENDS: PRICES UP,-OPEN INTEREST UP, VOLUME UP, WORLD SUPPLY PROJECTED UP
TRADING: DOWN+DECELERATED+NET BUYNG+601 RESISTANCE STOPPING CONTINUATION OF MOVE
TARGETS: 461-491-513-531-566-601                                                             
COMMITMENTS- NET CHANGE: USERS SOLD LONG, FUNDS COVERED SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICES DOWN  OPEN INTEREST UP,  VOLUME DOWN
TRADING: DOWN+ACCELERATED+NET SELLING TO TREND SUPPORT AT LOW OF CHANNEL   
TARGETS: 8931-8545-8391-8256-8030-7850           
COMMITMENTS: NET CHANGE: USERS+SMALL TRADERS BOUGHT LONG, FUNDS SOLD SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICES DOWN, OPEN INTEREST FLAT, VOLUME UP
TRADING: DOWN+ACCELERATED+NET SELLING+TESTING SUPPORT TO LOW OF MOVE AT 172                                                                                                                                                                                                                                                                                                                                                     
TARGETS: 206-194-189-185-178-172           
COMMITMENTS: NET CHANGE: USERS+SMALL TRADERS COVERED SHORT, FUNDS SOLD LONG

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