Saturday, September 12, 2015

farm commodity settlements/cme, september 11/2015 friday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION/ACTIVITY/PREVAILING STRENGTH/S,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TREND: PRICE/UP+OPEN INTEREST/UP+VOLUME/UP+WORLD STOCKS/DOWN = BULLISH
TRADING: UP/ NET BUYING/RESISTANCE@384PENETRATED/HIGHER LOWS  
TARGETS: 354/384/407/425/461/497                                          TRADING =-MORE MOMENTUM                
NET COMMITMENTS: USER: LESS SHORT = NON USER: LESS LONG = LESS MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TREND: PRICE/FLAT+OPEN INTEREST/UP+VOLUME/UP+WORLD STOCKS/DOWN = NEUTRAL
TRADING: DOWN/NET SELLING/SUPPORT@855 PENETRATED/LOWER HIGHS/FLAT LOWS
TARGETS: 855/890/916/936/976/1016                                         TRADING = FLAT MOMENTUM
NET COMMITMENTS: USER: NOW NET LONG = NON USER LESS LONG = LESS MOMENTUM
WHEAT: 40 CENT DAILY LIMIT                                                       
TREND: PRICE/DOWN-LESS+OPEN INTEREST/UP+VOLUME/UP+WORLD STOCKS/UP + BEARISH
TRADING: FLAT/NET BUYING/RESISTANCE@REVISED TREND/HIGHER LOWS/DRIFT CONFIRMS TREND
TARGETS: 618/572/554/538/511/489/437                                     TRADING =-MORE MOMENTUM
NET COMMITMENTS: USER: MORE LONG = NON USER: MORE SHORT = MORE MOMENTUM
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TREND: PRICE/DOWN-MORE SO+OPEN INTEREST/UP+VOLUME/UP = BEARISH
TRADING: DOWN/NET SELLING/SUPPORT@TOPSIDE OF ORIGINAL TREND/LOWER HIGHS
TARGETS: 8090/7871/7783/7707/7650/7579/7477                      TRADING - LESS MOMENTUM    
NET COMMITMENTS: USER-LESS LONG = NON USER:LESS SHORT = LESS MOMENTUM, 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TREND: PRICE/DOWN-MORE SO+OPEN INTEREST/FLAT+VOLUME/DOWN = BEARISH
TRADING: UP/NET SELLING/RESISTANCE@REVISED TREND/LOWER HIGHS
TARGETS: 307/250/227/207/174/147                                            TRADING =-FLAT MOMENTUM
NET COMMITMENTS: USER: LESS  LONG = NON USER: MORE SHORT = LESS MOMENTUM
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