Thursday, October 01, 2015

Farm Commodity Settlements/CME, October 1/2015 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+MOVE/FLAT+OPEN INTEREST/UP+VOLUME/DOWN+WORLD STOCKS/DOWN
TRADING: FLAT/OFFSET SELLING/DECELERATED/PRICE TREND RESISTANCE PREVAILED 
TARGETS: 443/421/412/414/(392/381)/356/334                           HIGHER LOWS               
NET COMMITMENTS: USER/MORE SHORT, NON USER/FLAT LONG = LESS FORCE 
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TREND: PRICE/FLAT+MOVE/DOWN+OPEN INTEREST/UP+VOLUME/DOWN+WORLD STOCKS/DN
TRADING: DOWN/NET SELLING/FLAT ACTIVITY/NO BREAKOUT UPSIDE/RESISTANCE@PRICE TREND
TARGETS: (855/890)/916/937/978/1016                                         HIGHER LOWS
NET COMMITMENTS: USER/NOW LONG,  NON USER/LESS LONG = LESS FORCE
WHEAT: 40 CENT DAILY LIMIT                                                       
TREND: PRICE/UP+MOVE/UP+OPEN INTEREST/UP+VOLUME/FLAT+WORLD STOCKS/UP    
TRADING: UP/BUYING/FLAT ACTIVITY/BREAKOUT UPSIDE OF 511 CONFIRMED BY HIGHER CLOSE                                    
TARGETS: 464/(503/532)/555/600/646                                           HIGHER LOWS
NET COMMITMENTS: USER/LESS LONG, NON USER/LESS SHORT = LESS FORCE- 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TREND: PRICE/DOWN+MOVE/UP+OPEN INTEREST/DOWN+VOLUME/UP= LESS BEARISH
TRADING: UP/NET BUYING/FLAT ACTIVITY/BREAKOUT UPSIDE OF 7477/WITH/HIGHER CLOSE
TARGETS: 8090/7871/7793/7707/7650/(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+MOVE/UP+OPEN INTEREST/DOWN+VOLUME/FLAT= BEARISH
TRADING: DOWN/NET SELLING/ACCELERATED/RESISTANCE@CONVERGING PRICE TREND FIRM
TARGETS: 307/250/227/207/(174/147)                                           LOWER HIGHS/HIGHER LOWS
NET COMMITMENTS: USER/MORE  LONG = NON USER/MORE SHORT = MORE FORCE
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