Tuesday, June 02, 2015

FARM COMMODITY SETTLEMENTS-CME JUNE 2/2015 TUESDAY
Markets: price supply-demand during relative strength trading
Trends: lines parallel through highs, through lows, channels
Trading: daily move, momentum, activity, prevailing strength
Targets: projected price objectives of trends and trading
CORN: 30 cent daily trading limit        upper channel
TRENDS: PRICE-DOWN, OPEN INTEREST-UP, VOLUME UP, SUPPLY-DOWN
TRADING: UP, ACCELERATED, BUYING, RALLY FROM BOTTOM OF MOVE @1ST RESISTANCE 359   
Targets: 419-392-385-373-359-347  net commitments: little change
Commitments-net change: users invested long, funds invested short
SOYBEANS: 70 cent daily trading limit  less oversold   
Trends: price, down, open interest-up, volume-flat, supply-up
TRADING: UP, ACCELERATED, BUYING, FROM BOTTOM @883 TO BOTTOM OF CHANNEL RESISTANCE
Targets: 1087-1014-985-959-917-883 net commitments: offset change
Commitments-net change: users-divested short, funds-invested short
WHEAT: 40 cent daily limit                   lower new channel
Trends: price-up, open interest-up, volume-flat, supply-up
TRADING: UP, ACCELERATED, BUYING, FROM BOTTOM@478, FORMING GRADUAL CHANNEL UPWARD  
Targets: 461-491-513-531-566-601  net coms: trade-off
Commitments-net change: users-divested short, funds-divested long
CANADIAN DOLLAR/USD: 4.00 dollar daily limit-   lower channel
Trends: price-up/oversold, open interest-up, volume-up
Trading: up, accelerated, buying, resistance @broke low of channel  
Targets: 7808-8090-8316-8394-8485-8823-  net coms: trade-off  
Commitments-net change: users divested short, funds invested short
HEATING OIL (ULSD): 25 cent daily limit    lower wide channel
Trends: price-up/less so, open interest-up, volume-flat
Trading: flat, decelerated, net buying-continuation of lower high 
Targets: 159-187-214-232-269-306           net coms: trade-off
Commitments:-net change: users divested short, funds invested long

No comments:

Google+