Tuesday, October 20, 2015

Farm Commodity Settlements/CME, October20/2015 Tuesday
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 up  WORLD STOCKS DOWN
TRADING: FLAT BUYING NEUTRAL TESTED-CLOSED ABOVE TREND RESISTANCE
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: FLAT NET BUYING NEUTRAL SUPPORT@890 PREVAILED CLOSED UP
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  OPEN INTEREST UP  VOLUME UP  WORLD STOCKS UP    
TRADING: DOWN NET BUYING NEUTRAL TESTED-CLOSED ABOVE 489
TARGETS: 648  572  554  538  (511 489)        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-1ST REVISED  OPEN INTEREST FLAT  VOLUME FLAT 
TRADING: DOWN NET BUYING DECELERATED SUPPORT@7650 PREVAILED-CLOSED ABOVE       
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-LESS-3RD REVISED  OPEN INTEREST UP   VOLUME UP
TRADING: DOWN NET SELLING DECELERATED TESTED-CLOSED BELOW TREND
TARGETS: (144 156)  165  172  186  200     LOWER HIGHS  FLAT LOWS
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT
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