Monday, September 14, 2015

farm commodity settlements/cme, september 14/2015 monday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION/ACTIVITY/PREVAILING STRENGTH/S,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TREND: PRICE/UP+OPEN INTEREST/FLAT+VOLUME/DOWN+WORLD STOCKS/DOWN = LESS BULLISH
TRADING: UP/BUYING/FORCE-LESS/BREAKTHROUGH RESISTANCE AT 384/HIGHER LOWS  
TARGETS: 354/384/407/425/461/497                                                          
NET COMMITMENTS: USER: LESS SHORT = NON USER: LESS LONG = LESS FORCE
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TREND: PRICE/FLAT+OPEN INTEREST/UP+VOLUME/DOWN+WORLD STOCKS/DOWN = NEUTRAL
TRADING: UP/NET BUYING/FORCE-LESS/RESISTANCE TESTED AT TREND CONVERGENCE+AT 890
TARGETS: 855/890/916/936/976/1016                                         HIGHER LOW
NET COMMITMENTS: USER: NOW NET LONG = NON USER LESS LONG = LESS FORCE
WHEAT: 40 CENT DAILY LIMIT                                                       
TREND: PRICE/DOWN-LESS+OPEN INTEREST/UP+VOLUME/FLAT+WORLD STOCKS/UP + LESS BEARISH
TRADING: UP/BUYING/FORCE-FLAT/BREAKOUT ABOVE TREND/HIGHER LOW
TARGETS: 618/572/554/538/511/489/437                                     
NET COMMITMENTS: USER: MORE LONG = NON USER: MORE SHORT = MORE FORCE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TREND: PRICE/DOWN-LESS SO+OPEN INTEREST/UP+VOLUME/UP = LESS BEARISH
TRADING: FLAT/OFFSET SELLING/FORCE-LESS/SUPPORT-PENETRATED AT TREND  CONVERGENCE
TARGETS: 8090/7871/7783/7707/7650/7579/7477                       LOWER HIGHS
NET COMMITMENTS: USER-LESS LONG = NON USER:LESS SHORT = LESS FORCE, 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TREND: PRICE/DOWN-MOREE SO+OPEN INTEREST/FLAT+VOLUME/FLAT = BEARISH
TRADING: DOWN/SELLING/FORCE-FLAT/RESISTANCE@REVISED TREND HELD/LOWER HIGHS
TARGETS: 307/250/227/207/174/147                                           
NET COMMITMENTS: USER: LESS  LONG = NON USER: MORE SHORT = LESS MOMENTUM

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