Monday, August 24, 2015

farm commodity settlements-cme, august 24 /2015 monday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LONGER TERM, LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS
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 DOWN+VOLUME FLAT+WORLD STOCKS UP=BEARISH
TRADING: DOWN/NET BUYING+PRICE RESISTANCE@TREND+NEW LOW+RALLIED+   
TARGETS: 443 421 412 404 392 381 356 334                                        GAINED MOMENTUM               
NET COMMITMENTS: USERS: LESS SHORT = FUNDS: LESS LONG = LESS MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TREND: PRICE DOWN+OPEN INTEREST TOPPY+VOLUME UP+WORLD STOCKS DOWN = BEARISH
TRADING: DOWN/NET SELLING+PRICE RESISTANCE@TREND+NEW LOW+RALLIED+ 
TARGETS: 1045 990 968 949 917 891                                                    GAINED MOMENTUM
NET COMMITMENTS: USERS: LESS SHORT = FUNDS LESS LONG = LESS MOMENTUM
WHEAT: 40 CENT DAILY LIMIT                                                       
TREND: PRICE DOWN+OPEN INTEREST DOWN+VOLUME FLAT+WORLD STOCKS UP = BEARISH
TRADING: DOWN/OFFSET BUYING+PRICE RESISTANCE@511+SUPPORT@489+RALLIED
TARGETS: 618-572-554-538-511-489                                                      GAINED MOMENTUM
NET COMMITMENTS: USERS: LESS LONG = FUNDS+OTHERS: LESS SHORT = LESS MOMENTUM
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TREND: PRICE DOWN+OPEN INTEREST UP+VOLUME UP = BEARISH
TRADING: DOWN/NET SELLING+THROUGH-TESTING PRICE SUPPORT@7579+@TREND+NEW LOW
TARGETS: 8090-7871-7783-7707-7650-7579-7477                                  GAINED MOMENTUM    
NET COMMITMENTS: USERS-LESS LONG = FUNDS+OTHERS: LESS SHORT = LESS MOMENTUM, 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TREND: PRICE DOWN+OPEN INTEREST FLAT+VOLUME FLAT = BEARISH
TRADING: DOWN/SELLING+THROUGH-TESTING PRICE SUPPORT@147+NEW LOW   
TARGETS: 307-250-227-207-174-147                                                     GAINED MOMENTUM
NET COMMITMENTS: USERS: MORE SHORT+ FUNDS: LESS LONG = OTHERS MORE LONG =

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