Big Pat's farm commodities analysis. Get the best and most current analysis of trends, trading, targets for corn, wheat, soybeans, heating oil, Canadian Dollar.
Thursday, June 18, 2015
FARM COMMODITY SETTLEMENTS-CME JUNE 17/2015 THURSDAY
MARKETS: PRICE SUPPLY DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS: GIVE DIRECTION: LINES JOINING HIGHS WITH HIGHS AND LOWS WITH LOWS
TRADING: DAILY MOVE+MOMENTUM+ACTIVITY+PREVAILING STRENGTH, IN ORDER
TARGETS: PROJECTED: PRICE OBJECTIVES OF DAILY MOVES, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT
TRENDS: PRICES UP, OPEN INTEREST DOWN, VOLUME DOWN, SUPPLY PROJECTED DOWN
TRADING: DAILY MOVE FLAT+DECELERATED+OFFSET BUYING+FAILED TO CONFIRM UP THROUGH 357
TARGETS: 348-357-364-369-380-390
COMMITMENTS:-NET CHANGE: USERS SOLD SHORT, INVESTORS COVERED SHORT
SOYBEANS: 70 CENT DAILY TRADING LIMIT
TRENDS: PRICES UP, OPEN INTEREST DOWN, VOLUME UP, SUPPLY PROJECTED UP
TRADING: (NOV) DAILY MOVE UP+DECELERATING+NET BUYING+MET RESISTANCE BELOW 949+NEW HIGH
TARGETS: 897-927-949-967-1002-1037
COMMITMENTS: NET CHANGE: USERS SOLD SHORT, INVESTORS COVERED SHORT-
WHEAT: 40 CENT DAILY LIMIT
TRENDS: PRICES UP, OPEN INTEREST DOWN, VOLUME DOWN, SUPPLY PROJECTED UP
TRADING: DAILY MOVE FLAT+SAME+NET SELLING+TEST OF SUPPORT AT 491
TARGETS: 461-491-513-531-566-601
COMMITMENTS- NET CHANGE: USERS SOLD SHORT, INVESTORS COVERED SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICES UP, OPEN INTEREST DOWN, VOLUME DOWN
TRADING: DAILY MOVE UP+DECELERATED+NET BUYING+MET RESISTANCE BELOW 8250
TARGETS: 7781-8049-8250-8406-8719-9031
COMMITMENTS: NET CHANGE: USERS COVERED SHORT, INVESTORS ACCUMULATED LONG-
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICES DOWN, OPEN INTEREST DOWN, VOLUME DOWN
TRADING: DAILY MOVE FLAT+DECELERATED+OFFSET SELLING+MET RESISTANCE AT TREND LINE
TARGETS: 206-194-189-185-178-172
COMMITMENTS: NET CHANGE: USERS ACCUMULATED LONG, INVESTORS COVERED SHORT
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