Sunday, August 16, 2015

FARM COMMODITY SETTLEMENTS-CME, AUGUST 14/2015 FRIDAY
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 TOPPING+VOLUME DOWN+WORLD STOCKS DOWN=BEARISH
TRADING: UP/OFFSET BUYING+COVERING, WEAK RESISTANCE@PREVIOUS  LOWS      
TARGETS: 443 421 412 404 392 381 356 334                                          
NET COMMITMENTS: USERS+OTHERS: LESS SHORT = FUNDS: LESS LONG=LESS MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TREND: PRICE DOWN+OPEN INTEREST UP+VOLUME DOWN+WORLD STOCKS FLAT = BEARISH
TRADING: FLAT/SELLING SHORT, TESTING SUPPORT@917+1ST REVISED TREND.  
TARGETS: 1042 990 968 949 917 891                                                    
NET COMMITMENTS: USERS: MORE SHORT = FUNDS MORE LONG = MORE MOMENTUM
WHEAT: 40 CENT DAILY LIMIT                                                       
TREND: PRICE DOWN+OPEN INTEREST FLAT+VOLUME DOWN+WORLD STOCKS UP = BEARISH
TRADING: DOWN/NET SELLING, LONG LQUIDATION@511, LONG ACCUMULATION@TREND
TARGETS: 618-572-554-538-511-489                                            
NET COMMITMENTS: USERS: MORE LONG = FUNDS: MORE SHORT = MORE MOMENTUM
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TREND: PRICE DOWN+OPEN INTEREST DOWN+VOLUME FLAT = BEARISH
TRADING: DOWN/NET SELLING, TESTING SUPPORT@7650
TARGETS: 8090-7871-7783-7707-7650-7579-7477                             
NET COMMITMENTS: USERS-MORE LONG = FUNDS: MORE SHORT = MORE MOMENTUM, 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TREND: PRICE DOWN+OPEN INTEREST UP/FLAT+VOLUME DOWN = BEARISH
TRADING: DOWN/NET SELLING, TESTING TREND AS SUPPORT,   
TARGETS: 307-250-227-207-174-147                                           
NET COMMITMENTS: USERS: LESS SHORT = FUNDS: LESS LONG = LESS MOMENTUM

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