Wednesday, June 17, 2015

FARM COMMODITY SETTLEMENTS-CME JUNE 17/2015 WEDNESDAY
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-down, supply-down
TRADING: move-up-accelerating-buying-continued short covering-supported by investors        
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, open interest down, volume-up, supply-up
TRADING: move-up-decelerating-buying-continued short covering supported by investors
TARGETS: 897-927-949-967-1002-1037
Commitments-net change: users-invested short, funds-divested short
WHEAT: 40 cent daily limit                  
TRENDS: prices-up, open interest-up, volume-down, supply-up
TRADING: move-up-accelerating-offset selling-through testing support at 491
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-flat-accelerated-offset buying-resistance at yesterdays high-sign of a drift  
TARGETS: 7781-8049-8250-8406-8719-9031            
Commitments-net change: users-divested short, funds-invested long
HEATING OIL (ULSD): 25 cent daily limit   1
TRENDS: prices-down, open interest-up, volume-down
TRADING: move up-accelerated-net buying-test of resistance at both 194 and high of channel  
TARGETS: 206-194-189-185-178-172           
Commitments-net change: users invested long, funds-divested short

No comments:

Google+