Tuesday, September 15, 2015

farm commodity settlements/cme, september 15/2015 tuesday
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/DOWN+VOLUME/UP+WORLD STOCKS/DOWN = LESS BULLISH
TRADING: UP/NET BUYING NO BREAK OUT ABOVE PRICE TREND RESISTANCE/LOWER CLOSE  
TARGETS: 354/384/407/425/461/497                                           HIGHER LOW               
NET COMMITMENTS: USER: LESS SHORT = NON USER: LESS LONG = LESS FORCE
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TREND: PRICE/FLAT+OPEN INTEREST/FLAT+VOLUME/DOWN+WORLD STOCKS/DOWN = NEUTRAL
TRADING: UP/NET BUYING/PENETRATED-CLOSED ABOVE RESISTANCE AT 890 PRICE TARGET
TARGETS: 855/890/916/936/976/1016                                         HIGHER LOW
NET COMMITMENTS: USER: NOW NET LONG = NON USER LESS LONG = LESS FORCE
WHEAT: 40 CENT DAILY LIMIT                                                       
TREND: PRICE/DOWN-LESS+OPEN INTEREST/DOWN+VOLUME/DOWN+WORLD STOCKS/UP = BEARISH 
TRADING: FLAT/SELLING/NO BREAKOUT ABOVE RESISTANCE AT 489 TARGET DUE LOWER CLOSE                                    
TARGETS: 618/572/554/538/511/489/437                                     HIGHER LOW
NET COMMITMENTS: USER: MORE LONG = NON USER: MORE SHORT = MORE FORCE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TREND: PRICE/DOWN-LESS SO+OPEN INTEREST/DOWN+VOLUME/DOWN = LESS BEARISH
TRADING: FLAT/NET BUYING NO BREAKOUT BELOW SUPPORT-CLOSED ABOVE  TREND SUPPORT
TARGETS: 8090/7871/7783/7707/7650/7579/7477                       LOWER HIGHS   
NET COMMITMENTS: USER-LESS LONG = NON USER:LESS SHORT = LESS FORCE, 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TREND: PRICE/DOWN-MORE SO+OPEN INTEREST/UP+VOLUME/FLAT = BEARISH
TRADING: DOWN/SELLING AWAY FROM PRICE TREND/PENETRATED-CLOSED OVER SUPPORT AT 147
TARGETS: 307/250/227/207/174/147                                           LOWER HIGHS
NET COMMITMENTS: USER: LESS  LONG = NON USER: MORE SHORT = LESS MOMENTUM
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