Thursday, September 17, 2015

farm commodity settlements/cme, september 17/2015 thursday
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/DOWN+OPEN INTEREST/DOWN+VOLUME/DOWN+WORLD STOCKS/DOWN = BEARISH
TRADING: DOWN-STEEP/SELLING IN NARROW RANGE/PENETRATED-CLOSED BELOW 384   
TARGETS: 354/384/407/425/461/497                                           LOWER HIGHS               
NET COMMITMENTS: USER: LESS SHORT = NON USER: LESS LONG = LESS FORCE
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TREND: PRICE/FLAT+OPEN INTEREST/UP+VOLUME/DOWN+WORLD STOCKS/DOWN = NEUTRAL
TRADING: DOWN-STEEP/OFFSET IN NARROW RANGE/
TARGETS: 855/890/916/936/976/1016                                         FLAT HIGH AND LOW
NET COMMITMENTS: USER: NOW NET LONG = NON USER LESS LONG = LESS FORCE
WHEAT: 40 CENT DAILY LIMIT                                                       
TREND: PRICE/DOWN-LESS+OPEN INTEREST/FLAT+VOLUME/DOWN+WORLD STOCKS/UP = BEARISH 
TRADING: DOWN/NET SELLING IN MODERATE RANGE/PENETRATED-CLOSED BELOW 489                                    
TARGETS: 618/572/554/538/511/489/437                                     LOWER HIGH
NET COMMITMENTS: USER: MORE LONG = NON USER: MORE SHORT = MORE FORCE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TREND: PRICE/DOWN-LESS+OPEN INTEREST/DOWN+VOLUME/FLAT = LESS BEARISH
TRADING: UP/BUYING IN MODERATE RANGE/PENETRATED-CLOSED ABOVE 7579 RESISTANCE
TARGETS: 8090/7871/7783/7707/7650/7579/7477                       HIGHER LOWS   
NET COMMITMENTS: USER-LESS LONG = NON USER:LESS SHORT = LESS FORCE, 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TREND: PRICE/DOWN-LESS+OPEN INTEREST/UP+VOLUME/FLAT = BEARISH
TRADING: UP/BUYING IN MODERATE RANGE/PENETRATED TREND RESISTANCE-CLOSED ABOVE
TARGETS: 307/250/227/207/174/147                                           LOWER HIGHS
NET COMMITMENTS: USER: LESS  LONG = NON USER: MORE SHORT = LESS MOMENTUM
Post a Comment
Google+