Friday, June 12, 2015

FARM COMMODITY SETTLEMENTS-CME JUNE 12/2015 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-up, volume-down, supply-down
TRADING: move-flat-decelerating-offset-test of support at 354        
TARGETS: 348-357-364-369-380-390  
Commitments-net change: users-invested short, funds-divested short
SOYBEANS: 70 cent daily trading limit     
TRENDS: prices-up/less, open interest-flat, volume-down, supply-up
TRADING: move-down-decelerating-offset-through testing support at 937
TARGETS: 920-937-950-960-980-999
Commitments-net change: users-invested short, funds-divested short
WHEAT: 40 cent daily limit                  
TRENDS: prices-up, open interest-flat, volume-up, supply-up
TRADING: move-down-decelerated-offset-through testing support at 513
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-move, decelerated, net selling, through support mid channel   
TARGETS: 7781-8049-8250-8406-8719-9031            
Commitments-net change: users-divested short, funds-invested long
HEATING OIL (ULSD): 25 cent daily limit   
TRENDS: prices-down, open interest-up, volume-down
TRADING: move down-decelerated-net selling-through testing support at 189  
TARGETS: 206-194-189-185-178-172           
Commitments-net change: users invested long, funds-divested short

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