Wednesday, October 14, 2015

Farm Commodity Settlements/CME, October14/2015 Wednesday
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 UP  VOLUME UP  WORLD STOCKS DOWN
TRADING: DOWN+SELLING+ACCELERATED+RESISTANCE@384+TESTED+CLOSED+ 
TARGETS: (353  384)  407  425  461  497              PREMIUM MARKET       +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 UP  WORLD STOCKS UP
TRADING: UP+NET SELLING+DECELERATED+TESTED+CLOSED BELOW 916+
TARGETS: 855  (890  916)  937  978  1016             PREMIUM MARKET  +NO BREAKOUT UP   
NET TRADING: USER SOLD SHORT=MORE SO  NON USER COVERED SHORT=MORE LONG
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP-MORE  OPEN INTEREST FLAT  VOLUME DOWN  WORLD STOCKS UP    
TRADING: FLAT+SELLING+DECELERATED+@REVISED TREND SUPPORT+LOWER HIGH
TARGETS: 480  (499  513  524)  546  569             PREMIUM MARKET       
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 DOWN = LESS BULLISH
TRADING: UP+BUYING+DECELERATED+TESTED+CLOSED ABOVE 7707+HIGHER LOW       
TARGETS: 8090  7871  7793  (7707  7650)  7579  7477                      
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 UP  VOLUME DOWN= BEARISH
TRADING: DOWN+NET BUYING+DECELERATED+TESTED+CLOSED ABOVE SUPPORT@147
TARGETS: 307  250  227  207  (174  147)       
NET TRADING: USER SOLD SHORT=NOW SHORT  NON USER COVERED SHORT=LESS SHORT
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