Monday, October 26, 2015

Farm Commodity Settlements/CME, October26/2015 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 UP  WORLD STOCKS DOWN
TRADING: UP BUYING ACCELERATED FROM SUPPORT@TREND RESISTANCE@384 TESTED  
TARGETS: (353  384)  407  425  461  497        PREMIUM MARKET    HIGHER LOW
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT+LESS MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP   OPEN INTEREST DOWN  VOLUME UP  WORLD STOCKS UP
TRADING: DOWN  NET SELLING ACCELERATED TO SUPPORT@890 TREND TESTED CLOSED BELOW
TARGETS: 855  (890  916)  937  978  1016       PREMIUM MARKET    LOWER HIGHS      
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT= FLAT MOMENTUM
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP-LESS  OPEN INTEREST UP  VOLUME FLAT   WORLD STOCKS UP    
TRADING: UP BUYING ACCELERATED @RESISTANCE@513 TESTED CLOSED ABOVE ORIGINAL TREND
TARGETS: (464  503)  513  532  546       PREMIUM MARKET     HIGHER LOW
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT=MORE MOMENTUM 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP-LESS=1ST REVISED  OPEN INTEREST FLAT  VOLUME DOWN 
TRADING: FLAT NET BUYING DECELERATED @SUPPORT@7579 CLOSED HIGHER       
TARGETS: 8090  7871  7793  7707  (7650  7579)  7477                     LOWER HIGHS
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP-LESS-3RD REVISED  OPEN INTEREST DOWN  VOLUME DOWN
TRADING: DOWN SELLING DECELERATED TESTED SUPPORT CLOSED BELOW TREND
TARGETS: (144 156)  165  172  186  200                                          LOWER HIGH
NET TRADING: USER SOLD SHORT  NON USER BOUGHT LONG
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