Tuesday, October 13, 2015

Farm Commodity Settlements/CME, October13/2015 Tuesday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION-ACTIVITY-MOMENTUM-PREVAILING STRENGTH/S,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICE UP-LESS  OPEN INTEREST up  VOLUME flat  WORLD STOCKS DOWN
TRADING: FLAT+NET BUYING+ACCELERATED+MET RESISTANCE@384+TREND- 
TARGETS: (353  384)  407  425  461  497   FUTURES@PREMIUM    -CLOSED ABOVE BOTH
NET TRADING: USER SOLD SHORT=MORE SO  NON USER COVERED SHORT=MORE LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE FLAT  OPEN INTEREST UP VOLUME UP  WORLD STOCKS UP
TRADING: UP+BUYING+ACCELERATED+MET RESISTANCE@916+TESTED+CLOSED ABOVE TREND
TARGETS: 855  (890  916)  937  978  1016    FUTURES@PREMIUM   NO BREAKOUT UP YET   
NET TRADING: USER SOLD SHORT=MORE SO  NON USER COVERED SHORT=MORE LONG
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP-MORE  OPEN INTEREST FLAT  VOLUME UP  WORLD STOCKS UP    
TRADING: UP+BUYING+ACCELERATED+MET RESISTANCE+CLOSED BELOW TREND+HIGHER LOW
TARGETS: 480  (499  513  524)  546  569      FUTURES@PREMIUM       
NET TRADING: USER SOLD SHORT=LESS LONG  NON USER COVERED SHORT=LESS SHORT 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP -LESS  OPEN INTEREST DOWN  VOLUME DOWN = LESS BULLISH
TRADING: DOWN+OFFSET BUYING+ACCELERATED+MET SUPPORT+CLOSED ABOVE 7650        
TARGETS: 8090  7871  7793  (7707  7650)  7579  7477            LOWER HIGHS          
NET TRADING: USER SOLD SHORT=LESS LONG  NON USER COVERED SHORT=LESS SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN  OPEN INTEREST DOWN  VOLUME UP -FLAT= BEARISH
TRADING: DOWN+SELLING+DECELERATED+MET SUPPORT+CLOSED@147
TARGETS: 307  250  227  207  (174  147)       
NET TRADING: USER SOLD SHORT=NOW SHORT  NON USER COVERED SHORT=LESS SHORT
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