Saturday, August 29, 2015

farm commodity settlements-cme, august 28 /2015 friday
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/UP+OPEN INTEREST/DOWN+VOLUME/DOWN+WORLD STOCKS/UP=BEARISH
TRADING: UP/OFFSET SELLING+1ST LEG UP+HIGHER LOW+PRICE SUPPORT@TREND  
TARGETS: 354/384/407/425/461/497                                     LOSING MOMENTUM               
NET COMMITMENTS: USERS: LESS SHORT = FUNDS: LESS LONG = LESS MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TREND: PRICE/UP+OPEN INTEREST/DOWN+VOLUME/DOWN+WORLD STOCKS/DOWN
TRADING: UP/BUYING+1ST LEG UP+HIGHER LOW+PRICE ABOVE SUPPORT@TREND 
TARGETS: 855/890/916/936/976/1016                                    LOSING 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 SELLING+LOWER HIGHS+PRICE SUPPORT@TREND+@489
TARGETS: 618-572-554-538-511-489                                      LOSING MOMENTUM
NET COMMITMENTS: USERS: MORE LONG = FUNDS: MORE SHORT = MORE MOMENTUM
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TREND: PRICE/DOWN+OPEN INTEREST/UP+VOLUME/DOWN = BEARISH
TRADING: FLAT/OFFSET+HIGHER LOWS+PRICE RESISTANCE@7579, 2ND DAY
TARGETS: 8090-7871-7783-7707-7650-7579-7477                 GAINING MOMENTUM    
NET COMMITMENTS: USERS-LESS LONG = FUNDS+OTHERS: LESS SHORT = LESS MOMENTUM, 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TREND: PRICE/DOWN+OPEN INTEREST/DOWN+VOLUME/DOWN = BEARISH
TRADING: UP/BUYING+BEAR SQUEEZE U15 FUTURE+PRICE RESISTANCE@PREVIOUS HIGHS  
TARGETS: 307-250-227-207-174-147                                    GAINED MOMENTUM
NET COMMITMENTS: USERS: BECAME NET LONG = FUNDS: BECAME NET SHORT

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