Wednesday, October 07, 2015

Farm Commodity Settlements/CME, October 7/2015 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: UP   NET SELLING  DECELERATED  RESISTANCE@395  LOWS ON TREND
TARGETS: 353 (384 407) 425 461 497                PREMIUM MARKET FORWARD                           
NET COMMITMENTS: USER MORE SHORT  NON USER MORE LONG = MORE MOVING FORCE 
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE FLAT  OPEN INTEREST UP  VOLUME UP  WORLD STOCKS DOWN
TRADING: UP  NET BUYING  DECELERATING  TREND RESISTANCE TESTED  HIGHER LOWS
TARGETS: (855 890) 916 937 978 1016               PREMIUM MARKET FORWARD          
NET COMMITMENTS: USER NOW SHORT,  NON USER MORE LONG = MORE MOVING FORCE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST DUP  VOLUME FLAT  WORLD STOCKS UP    
TRADING: UP NET SELLING ACCELERATED MET RESISTANCE@532 HIGHER LOWS ON TREND
TARGETS: 464 (503 532) 555 600 646                 PREMIUM MARKET FORWARD       
NET COMMITMENTS: USER LESS LONG, NON USER LESS SHORT = LESS MOVING FORCE- 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP-LESS  OPEN INTEREST DOWN  VOLUME UP = LESS BULLISH
TRADING: UP  NET SELLING  NO CHANGE  RESISTANCE@7707  TREND SUPPORT TESTED         
TARGETS: 8090 7871 7793 (7707 7650) 7579 7477             SIGNAL POTENTIAL CORRECTION          
NET COMMITMENTS: USER MORE LONG  NON USER MORE SHORT = MORE MOVING FORCE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN  OPEN INTEREST DOWN  VOLUME UP = BEARISH
TRADING: UP  NET SELLING  NO CHANGE  NO BREAKOUT ABOVE TREND  LOWER CLOSE  
TARGETS: 307 250 227 207 (174 147)                     PREMIUM MARKET FORWARD    
NET COMMITMENTS: USER LESS LONG  NON USER MORE SHORT = LESS MOVING FORCE
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