Friday, October 09, 2015

Farm Commodity Settlements/CME, October 9/2015 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-LESS  OPEN INTEREST DOWN  VOLUME UP  WORLD STOCKS DOWN
TRADING: DOWN+NET SELLING+ACCELERATED+@384 SUPPORT TREND REVISED
TARGETS: 353  (384  407)  425  461  497                PREMIUM MARKET FORWARD                           
NET COMMITMENTS: USER MORE SHORT + NON USER MORE LONG = MORE MOMENTUM 
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE FLAT  OPEN INTEREST DOWN VOLUME UP  WORLD STOCKS UP
TRADING: FLAT+NET BUYING+ACCELERATED+RESISTANCE TESTED CLOSED BELOW TREND
TARGETS: (855  890)  916  937  978  1016               PREMIUM MARKET FORWARD          
NET COMMITMENTS: USER MORE SHORT + NON USER MORE LONG = MORE MOMENTUM
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST DOWN  VOLUME FLAT  WORLD STOCKS UP    
TRADING: DOWN+NET SELLING+ACCELERATED+SUPPORT TESTED CLOSED BELOW TREND
TARGETS: 464  (503  532)  555  600  646                 PREMIUM MARKET FORWARD       
NET COMMITMENTS: USER LESS LONG + NON USER LESS SHORT = LESS MOMENTUM- 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP  OPEN INTEREST UP  VOLUME FLAT = LESS BULLISH
TRADING: UP+NET BUYING+ACCELERATED+RESISTANCE@+CLOSED ABOVE 7707        
TARGETS: 8090  7871  7793  (7707  7650)  7579  7477            HIGHER LOWS          
NET COMMITMENTS: USER LESS LONG  NON USER LESS SHORT = LESS MOMENTUM
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN  OPEN INTEREST DOWN  VOLUME DOWN = BEARISH
TRADING: UP+NET SELLING+ACCELERATED+RESISTANCE OF TREND PREVAILS
TARGETS: 307  250  227  207  (174  147)   NO CONSECUTIVE HIGHER CLOSE ABOVE TREND    
NET COMMITMENTS: USER NOW SHORT  NON USER LESS SHORT = LESS MOMENTUM
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