Sunday, September 20, 2015

farm commodity settlements/cme, september 18/2015 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/DOWN+OPEN INTEREST/DOWN+VOLUME/UP+WORLD STOCKS/DOWN = BEARISH
TRADING: DOWN-STEEP/NET SELLING/NARROW RANGE/BREAK THROUGH BELOW 384   
TARGETS: 354/384/407/425/461/497                                           LOWER HIGHS               
NET COMMITMENTS: USER: MORE SHORT = NON USER: MORE LONG = MORE FORCE
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TREND: PRICE/FLAT+OPEN INTEREST/UP+VOLUME/UP+WORLD STOCKS/DOWN = NEUTRAL
TRADING: DOWN-STEEP/NET SELLING/MODERATE RANGE/PENETRATED POINT OF CONVERGENCE
TARGETS: 855/890/916/936/976/1016                                         FLAT HIGHS 
NET COMMITMENTS: USER: LESS SHORT = 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: FLAT/BUYING/NARROW RANGE/NO BREAK OUT BELOW 489 DUE HIGHER CLOSE                                    
TARGETS: 618/572/554/538/511/489/437                                     LOWER HIGHS
NET COMMITMENTS: USER: LESS LONG = NON USER: LESS SHORT = LESS FORCE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TREND: PRICE/DOWN-GRADUAL+OPEN INTEREST/DOWN+VOLUME/UP = LESS BEARISH
TRADING: UP/EQUAL OFFSET /WIDE RANGE/NO BREAKOUT ABOVE 7579/EVEN CLOSE
TARGETS: 8090/7871/7783/7707/7650/7579/7477                       HIGHER LOWS   
NET COMMITMENTS: USER-FLAT LONG = NON USER:LESS SHORT = FLAT FORCE, 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TREND: PRICE/DOWN-LESS+OPEN INTEREST/UP+VOLUME/UP = BEARISH
TRADING: DOWN?SELLING/MODERATE RANGE/SUPPORT@ORIGINAL PRICE TREND
TARGETS: 307/250/227/207/174/147                                           LOWER HIGHS
NET COMMITMENTS: USER: MORE  LONG = NON USER: MORE SHORT = MORE FORCE
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