Saturday, October 03, 2015

Farm Commodity Settlements/CME, October 2/2015 Friday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION/ACTIVITY/PREVAILING STRENGTH/S,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TREND: PRICE DOWN  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: FLAT  NET SELLING  DECELERATED  RESISTANCE TESTED-CLOSED ABOVE TREND 
TARGETS: 443 421 412 414 (392 381) 356 334                           HIGHER LOWS               
NET COMMITMENTS: USER MORE SHORT  NON USER MORE LONG = MORE MOVING FORCE 
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TREND: PRICE FLAT  OPEN INTEREST FLAT  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: DOWN  NET SELLING  DECELERATED  BREAKOUT DOWNSIDE OF TREND CONFIRMED
TARGETS: (855 890) 916 937 978 1016                                       LOWER HIGHS
NET COMMITMENTS: USER NOW SHORT,  NON USER MORE LONG = MORE MOVING FORCE
WHEAT: 40 CENT DAILY LIMIT                                                       
TREND: PRICE UP  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS UP    
TRADING: FLAT  NET SELLING  DECELERATED  RESISTANCE@516 OLD HIGH TESTED CLOSED BELOW                                   
TARGETS: 464 (503 532) 555 600 646                                         HIGHER LOWS
NET COMMITMENTS: USER LESS LONG, NON USER LESS SHORT = LESS MOVING FORCE- 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TREND: PRICE UP  OPEN INTEREST DOWN  VOLUME DOWN= LESS BULLISH
TRADING: UP  NET BUYING  ACTIVITY FLAT  RESISTANCE TESTED  CLOSED@7579
TARGETS: 8090 7871 7793 7707 7650 (7579 7477)                    HIGHER LOWS   
NET COMMITMENTS: USER MORE LONG  NON USER MORE SHORT = MORE MOVING FORCE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TREND: PRICE DOWN  OPEN INTEREST DOWN  VOLUME/UP= BEARISH
TRADING: DOWN  NET SELLING  DECELERATED  CONVERGING  SUPPORT@LOWS  
TARGETS: 307 250 227 207 (174 147)                                       LOWER HIGHS/HIGHER LOWS
NET COMMITMENTS: USER LESS LONG  NON USER/MORE SHORT = LESS MOVING FORCE
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