Monday, October 12, 2015

Farm Commodity Settlements/CME, October12/2015 Monday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION-ACTIVITY-MOMENTUM-PREVAILING STRENGTH/S,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICE UP-LESS  OPEN INTEREST DOWN  VOLUME UP  WORLD STOCKS DOWN
TRADING: DOWN+NET SELLING+DECELERATED+TESTED SUPPORT+CLOSED- 
TARGETS: 353  (384  407)  425  461  497   FUTURES@PREMIUM           -BELOW TREND
NET TRADING: USER SOLD SHORT=MORE SO  NON USER COVERED SHORT=MORE LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE FLAT  OPEN INTEREST UP VOLUME DOWN  WORLD STOCKS UP
TRADING: FLAT+NET BUYING+DECELERATED+TEST OF RESISTANCE+CLOSED BELOW TREND+
TARGETS: (855  890)  916  937  978  1016    FUTURES@PREMIUM      +LOWER HIGHS   
NET TRADING: USER SOLD SHORT=MORE SO  NON USER COVERED SHORT=MORE LONG
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP-LESS  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS UP    
TRADING: DOWN+NET SELLING+DECELERATED+@503 AS SUPPORT+LOOKING MAKE NEW LOW
TARGETS: 464  (503  532)  555  600  646      FUTURES@PREMIUM       
NET TRADING: USER SOLD SHORT=LESS LONG  NON USER COVERED SHORT=LESS SHORT 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP -LESS  OPEN INTEREST DOWN  VOLUME UP = LESS BULLISH
TRADING: FLAT+NET SELLING+DECELERATED+RESISTANCE+CLOSED ABOVE 7707        
TARGETS: 8090  7871  7793  (7707  7650)  7579  7477            HIGHER LOWS          
NET TRADING: USER SOLD SHORT=LESS LONG  NON USER COVERED SHORT=LESS SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN  OPEN INTEREST DOWN  VOLUME UP = BEARISH
TRADING: DOWN+SELLING+ACCELERATED+RESISTANCE HELD+CLOSED BELOW TREND
TARGETS: 307  250  227  207  (174  147)       
NET TRADING: USER SOLD SHORT=NOW SHORT  NON USER COVERED SHORT=LESS SHORT
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