Monday, June 08, 2015

FARM COMMODITY SETTLEMENTS-CME JUNE 8/2015 MONDAY
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 INTERESTT-FLAT, VOLUME-DOWN SUPPLY-DOWN
TRADING: MOVE UP-DECELERATING-BUYING-TEST OF 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-flat, volume-down, supply-up
TRADING: MOVE FLAT-ACCELERATING-NET BUYING-TO 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-down, supply-up
TRADING: MOVE FLAT-DECELERATED-BUYING-TO 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-down, volume down
Trading: move-up, decelerated, net buying, to test 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-down
Trading: move-flat, decelerating, net selling-to 185 as support  
Targets: 206-194-189-185-178-172           
Commitments:-net change: users-divested long, funds-divested short

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