Wednesday, October 28, 2015

Farm Commodity Settlements/CME, October28/2015 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  OPEN INTEREST UP  VOLUME DOWN WORLD STOCKS DOWN
TRADING: DOWN SELLING DECELERATED THROUGH 384 CLOSED BELOW TREND
TARGETS: (353  384)  407  425  461  497        PREMIUM MARKET    HIGHER LOWS
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT+LESS MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP-LESS  OPEN INTEREST DOWN  VOLUME DOWN WORLD STOCKS UP
TRADING: FLAT SELLING DECELERATED THROUGH 890 TO SUPPORT@REVISED TREND UP-LESS 
TARGETS: (855  890)  916  937  978  1016      PREMIUM MARKET    HIGHER LOWS      
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT= FLAT MOMENTUM
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST FLAT-UP  VOLUME DOWN   WORLD STOCKS UP    
TRADING: DOWN MATCHED BUYNG DECELERATED MET SUPPORT@503 MET RESISTANCE@TREND
TARGETS: 464  (503  513) 532  546       PREMIUM MARKET     HIGHER LOWS LOER HIGHS
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 UP  VOLUME UP 
TRADING: FLAT NET BUYING ACCELERATED TESTED RESISTANCE-CLOSEED BELOW 7579      
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 UP
TRADING: UP  BUYING DECELERATED TESTING RESISTANCE@PREVIOUS HIGH
TARGETS: (144 156)  165  172  186  200                                          HIGHER LOW
NET TRADING: USER SOLD SHORT  NON USER BOUGHT LONG
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