Saturday, October 31, 2015

Farm Commodity Settlements/CME, October30/2015 Friday
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 NET BUYING DECELERATED AT/CLOSED BELOW 384 RESISTANCE+TREND-
TARGETS: (353  384)  407  425  461  497  -CONVERGING WITH PREVIOUS DOWN TREND  
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT+LESS MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP - OPEN INTEREST DOWN  VOLUME DOWN WORLD STOCKS UP
TRADING: UP NET BUYING DECELERATED TESTED CLOSED ABOVE REVISED TREND AS RESISTANCE 
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  OPEN INTEREST FLAT-DOWN  VOLUME DOWN  WORLD STOCKS UP    
TRADING: UP BUYING DECELERATED BREAKOUT UP TO RESISTANCE BELOW TREND REVISED UP
TARGETS: 464  503  (513 532)  546       PREMIUM MARKET     HIGHER LOWS 
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT=MORE MOMENTUM 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP-LESS=2ND REVISED  OPEN INTEREST DOWN  VOLUME DOWN 
TRADING: UP BUYING ACCELERATED ABOVE TREND AT 7650 RESISTANCE-FOREIGN REPATRIATION      
TARGETS: 8090  7871  7793  7707  (7650  7579)  7477)                     HIGHER LOWS
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 NET BUYING ACCELERATED RESISTANCE/CLOSED BELOW 156- 
TARGETS: (144 156)  165  172  186  200   HIGHER LOWS         -CLOSED ABOVE TREND
NET TRADING: USER SOLD SHORT  NON USER BOUGHT LONG
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