Saturday, June 06, 2015

FARM COMMODITY SETTLEMENTS-CME JUNE 5/2015 FRIDAY
Markets: price supply-demand during relative strength trading
Trends: direction, lines joining highs, lines joining lows=channels
Trading: daily move, momentum, activity, prevailing strength
Targets: projected price objectives of daily moves.
CORN: 30 cent daily trading limit    
Trends: prices-up, open interest-down, volume-flat, supply-down
Trading: move up, decelerating, net selling, met resistance at 364       
Targets: 348-357-364-369-380-390  
Commitments-net change: small-invested long, funds-invested short
SOYBEANS: 70 cent daily trading limit     
Trends: prices-up, open interest-up, volume-up, supply-up
Trading: move-up, accelerating, net selling, met resistance at 950
Targets: 920-937-950-960-980-999
Commitments-net change: users-invested short, funds-invested long
WHEAT: 40 cent daily limit                  
Trends: prices-up, open interest-down, volume-up, supply-up
Trading: move-up, decelerating, net selling, met resistance at 531
Targets: 461-491-513-531-566-601  
Commitments-net change: users-invested short, funds-divested short
CANADIAN DOLLAR/USD: 4.00 dollar daily limit-   
Trends: prices-up, open interest-flat, volume up
Trading: move-up, accelerating, net buying, met resistance at 8049   
Targets: 7781-8049-8250-8406-8719-9031            
Commitments-net change: users-divested short, funds-invested short
HEATING OIL (ULSD): 25 cent daily limit   
Trends: prices-down, open interest-down, volume-flat
Trading: move-down, decelerating, met support at 185  
Targets: 206-194-189-185-178-172           (updated)
Commitments:-net change: users-divested long, funds-divested short

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