Monday, October 05, 2015

Farm Commodity Settlements/CME, October 5/2015 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 DOWN-LESS  OPEN INTEREST FLAT  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: UP  BUYING  DECELERATED  TESTED RESISTANCE   NO BREAKOUT UPSIDE
TARGETS: 443 421 412 414 (392 381) 356 334                                          
NET COMMITMENTS: USER MORE SHORT  NON USER MORE LONG = MORE MOVING FORCE 
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE CONSOLIDATING  OPEN INTEREST FLAT  VOLUME UP  WORLD STOCKS DOWN
TRADING: UP  BUYING  ACCELERATING  FALSE BREAKOUT  MUCH HIGHER LOW  NEAR RESISTANCE
TARGETS: (855 890) 916 937 978 1016                                       
NET COMMITMENTS: USER NOW SHORT,  NON USER MORE LONG = MORE MOVING FORCE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS UP    
TRADING: DOWN  OFFSET BUYING  DECELERATION  BACK IN LINE WITH TREND AS SUPPORT                                   
TARGETS: 464 (503 532) 555 600 646                                         
NET COMMITMENTS: USER LESS LONG, NON USER LESS SHORT = LESS MOVING FORCE- 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP  OPEN INTEREST DOWN  VOLUME DOWN= LESS BULLISH
TRADING: UP  BUYING  NO CHANGE  RESISTANCE@7650 HELD  STEEP HIGHER LOWS  
TARGETS: 8090 7871 7793 7707 7650 (7579 7477)                       
NET COMMITMENTS: USER MORE LONG  NON USER MORE SHORT = MORE MOVING FORCE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN  OPEN INTEREST UP  VOLUME FLAT= BEARISH
TRADING: UP  NET BUYING  NO CHANGE  RESISTANCE@TREND  HIGHS LOWS CONVERGING  
TARGETS: 307 250 227 207 (174 147)                                       
NET COMMITMENTS: USER LESS LONG  NON USER MORE SHORT = LESS MOVING FORCE
Post a Comment
Google+