Thursday, August 13, 2015

FARM COMMODITY SETTLEMENTS-CME, AUGUST 13/2015 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS-LONGER TERM
TRADING: DAILY DIRECTION/ACTIVITY+PREVAILING STRENGTH,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF DAILY MOVES, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TREND: PRICE DOWN+OPEN INTEREST UP+VOLUME DOWN+WORLD STOCKS DOWN=BEARISH
TRADING: FLAT/NET BUYING, ROLLING SEPTEMBER TO DEC/15, LESS MOMENTUM      
TARGETS: 443-421-412-404-392-381                                          
NET COMMITMENTS: USERS: LESS LONG = FUNDS+OTHERS: LESS SHORT
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TREND: PRICE DOWN+OPEN INTEREST UP+VOLUME DOWN+WORLD STOCKS FLAT=BEARISH
TRADING: FLAT/BUYING, HEDGING ON NOV/15 FUTURE, RESISTANCE@TREND+LESS MOMENTUM  
TARGETS: 1042 990 968 949 917 891                                                    
NET COMMITMENTS: USERS LESS SHORT = FUNDS LESS LONG+OTHERS MORE SHORT
WHEAT: 40 CENT DAILY LIMIT                  
TREND: PRICE DOWN+OPEN INTEREST UP= VOLUME DOWN+WORLD STOCKS UP=BEARISH
TRADING: FLAT/NET BUYING, USER ROLLING SEPTEMBER+HEDGING DECEMBER+LESS MOMENTUM
TARGETS: 618-572-554-538-511-489                                            
NET COMMITMENTS: USERS: NET LONG = FUNDS: NET SHORT+ OTHERS: MORE SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TREND: PRICE DOWN+OPEN INTEREST DOWN+VOLUME DOWN=BEARISH
TRADING: FLAT/SELLING, RESISTANCE@7077+LESS MOMENTUM
TARGETS: 8090-7871-7783-7707-7650-7579-7477                             
NET COMMITMENTS: USERS-MORE LONG =  FUNDS+OTHERS-MORE SHORT, 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TREND: PRICE DOWN+OPEN INTEREST UP+VOLUME DOWN=LESS BEARISH
TRADING: UP/NET SELLING, RESISTANCE@OLD HIGHS+LESS MOMENTUM+HIGHER LOWS 
TARGETS: 307-250-227-207-174-147                                           
NET COMMITMENTS: USERS: LESS SHORT+OHERS: MORE LONG =  FUNDS:-LESS LONG

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