Thursday, June 04, 2015

FARM COMMODITY SETTLEMENTS-CME JUNE 4/2015 THURSDAY
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    
TRENDS: PRICES-DOWN, OPEN INTEREST-UP, VOLUME DOWN, SUPPLY-DOWN
TRADING: FLAT-MOVE UP, GRADUALLY, BUYING, IUPPER CHANNEL+TESTING RESISTANCE AT 359   
Targets: 419-392-385-373-359-347  
Commitments-net change: users invested long, funds invested short
SOYBEANS: 70 cent daily trading limit     
Trends: prices-down/less, open interest-flat, vol-down, supply-up
TRADING: MOVE-UP, ACCELERATED, BUYING, LOWER CHANNEL THROUGH RESISTANCE AT BOTTOM
Targets: 1087-1014-985-959-917-883
Commitments-net change: users-divested short, funds-invested short
WHEAT: 40 cent daily limit                  
Trends: prices-up, open interest-down, volume-down, supply-up
TRADING: MOVE-DOWN, ACCELERATED, NET BUYING, UPPER CHANNEL-RESISTANCE AT OLD HIGH    
Targets: 461-491-513-531-566-601  
Commitments-net change: users-divested short, funds-divested long
CANADIAN DOLLAR/USD: 4.00 dollar daily limit-   
Trends: prices-up/channel below original, open interest-flat, vol-flat
Trading: move-flat, selling, lower channel-testing support at bottom 
Targets: 7808-8090-8316-8394-8485-8823-         oversold   
Commitments-net change: users divested short, funds invested short
HEATING OIL (ULSD): 25 cent daily limit   
Trends: prices-up/less so, open interest-up, volume-flat
Trading: move-down, accelerating, testing support at bottom+at 187  
Targets: 159-187-214-232-269-306           
Commitments:-net change: users divested short, funds invested long

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