Monday, October 19, 2015

Farm Commodity Settlements/CME, October19/2015 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  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: FLAT+SELLING+DECELERATED+CLOSED BELOW TREND SUPPORT
TARGETS: (353  384)  407  425  461  497        PREMIUM MARKET    LOWER HIGHS
NET TRADING: USER COVERED SHORT  NON USER SOLD LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE FLAT  OPEN INTEREST DOWN VOLUME UP  WORLD STOCKS UP
TRADING: DOWN+SELLING+DECELERATED+CLOSED ABOVE 890 SUPPORT
TARGETS: 855  (890  916)  937  978  1016       PREMIUM MARKET    LOWER HIGHS      
NET TRADING: USER SOLD SHORT  NON USER BOUGHT LONG
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE DOWN-NEW  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS UP    
TRADING: DOWN+NET SELLING+DECELERATED+BREAK OUT+CONSECUTIVE LOWER CLOSE
TARGETS: (480  499)  513  524  546  569        PREMIUM MARKET       LOWER HIGHS
NET TRADING: USER COVERED SHORT  NON USER SOLD LONG 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP-LESS  OPEN INTEREST UP  VOLUME FLAT = LESS BULLISH
TRADING: DOWN+ SELLING+ACCELERATED+MAJOR CORRECTION+CLOSED ABOVE 7650       
TARGETS: 8090  7871  (7793  7707  7650)  7579  7477                          LESS HIGHER LOWS
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP  OPEN INTEREST UP   VOLUME FLAT= LESS BEARISH
TRADING: DOWN+SELLING+ACCELERATED+CLOSED ABOVE 144 SUPPORT
TARGETS: (144 156)  165  172  186  200     LOWER HIGHS  FLAT LOWS
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT
Post a Comment
Google+