Monday, August 03, 2015

FARM COMMODITY SETTLEMENTS-CHICAGO, AUGUST 3/2015 MONDAY
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TREND: CHANNEL LINES PARALLEL THROUGH HIGHS+LOWS-LONGER TERM
TRADING: DAILY MOVEMENT+ACTIVITY+PREVAILING STRENGTH,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF DAILY MOVES, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICES DOWN, OPEN INTEREST DOWN, VOLUME DOWN/LESS, WORLD STOCKS DOWN
TRADING: MOVE DOWN/SAME, SELLING, TREND DOWN-SUPPORT STEADY@381 BOTTOM      
TARGETS: 443-421-412-404-392-381                                          MORE OVERSOLD   
NET COMMITMENTS: USERS+SMALL USERS-LESS SHORT, FUNDS-LESS LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICES DOWN,  OPEN INTEREST DOWN, VOLUME DOWN, WORLD STOCKS FLAT
TRADING: MOVE DOWN/SAME, BUYING, LOWER HIGHS TESTED SUPPORT@933 BOTTOM  
TARGETS: 1045-1005-989-975-952-933                                           
NET COMMITMENTS: USERS-LESS SHORT, FUNDS-LESS LONG, SMALL USERS-MORE SHORT
WHEAT: 40 CENT DAILY LIMIT                  
TRENDS: PRICES DOWN, OPEN INTEREST DOWN, VOLUME FLAT, WORLD STOCKS UP 
TRADING: MOVE DOWN/MORE, BUYING, LOWER HIGHS, SUPPORT ABOVE 489 BOTTOM STEADY
TARGETS: 618-572-554-538-511-489        
NET COMMITMENTS: USERS-LESS SHORT, FUNDS-LESS LONG, SMALL USERS-NET SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICES DOWN, OPEN INTEREST UP  VOLUME UP
TRADING: MOVE/LESS, SELLING, CONFIRMING THROUGH SUPPORT@7650, LOWER HIGHS   
TARGETS: 8090-7871-7783-7707-7650-7579-7477                                           
NET COMMITMENTS: USERS-MORE LONG, FUNDS+SMALL USERS-MORE SHORT, 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICES DOWN/MORE, OPEN INTEREST FLAT VOLUME DOWN
TRADING: MOVE DOWN/MORE, SELLING, TESTED SUPPORT@LOW OF NEW TREND DOWN 
TARGETS: 307-250-227-207-174-147                                               MORE  OVERSOLD
NET COMMITMENTS: USERS-MORE SHORT, FUNDS-MORE LONG, SMALL USERS-LESS LONG

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