Wednesday, August 05, 2015

FARM COMMODITY SETTLEMENTS-CME, AUGUST 5/2015 WEDNESDAY
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    
TRENDS: PRICES DOWN, OPEN INTEREST DOWN, VOLUME DOWN/LESS, WORLD STOCKS DOWN
TRADING: UP/BUYING, TESTING RESISTANCE@TREND-LINE+@381-LITTLE MOMENTUM      
TARGETS: 443-421-412-404-392-381                                          LESS BEARISH  
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: UP/BUYING, THROUGH TREND-LINE@FIRM RESISTANCE@952-MORE MOMENTUM   
TARGETS: 1045-1005-989-975-952-933                                       WEAK BULLISH    
NET COMMITMENTS: USERS-LESS SHORT, FUNDS-LESS LONG, SMALL USERS-MORE SHORT
WHEAT: 40 CENT DAILY LIMIT                  
TRENDS: PRICES DOWN, OPEN INTEREST UP, VOLUME DOWN, WORLD STOCKS UP 
TRADING: FLAT/BUYING, ALONG SUPPORT@489, MOMENTUM SUPPORTS CONTINUING FLAT
TARGETS: 618-572-554-538-511-489                                             NEUTRAL
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/LESS  VOLUME UP
TRADING: DOWN/NET SELLING-BELOW TREND-LINE@SUPPORT@7579,  MORE MOMENTUM
TARGETS: 8090-7871-7783-7707-7650-7579-7477                          MORE BEARISH      
NET COMMITMENTS: USERS-MORE LONG, FUNDS+SMALL USERS-MORE SHORT, 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICES DOWN, OPEN INTEREST UP, VOLUME DOWN
TRADING: DOWN/NET SELLING,-BELOW TREND-LINE, DRIFTING UP LOOKS WEAK
TARGETS: 307-250-227-207-174-147                                              CONTINUING BEARISH
NET COMMITMENTS: USERS-MORE SHORT, FUNDS-MORE LONG, SMALL USERS-LESS LONG

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