Thursday, October 15, 2015

Farm Commodity Settlements/CME, October15/2015 Thursday
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 TOPPING  WORLD STOCKS DOWN
TRADING: DOWN+SELLING+DECELERATED+BELOW 384-TO TREND SUPPORT 
TARGETS: (353  384)  407  425  461  497        PREMIUM MARKET    FLAT HIGHS
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 DOWN  WORLD STOCKS UP
TRADING: DOWN+SELLING+ACCELERATED+NO BREAKOUT UP+NO CONSECUTIVE CLOSE UP
TARGETS: 855  (890  916)  937  978  1016       PREMIUM MARKET     HIGHER LOWS     
NET TRADING: USER SOLD SHORT=MORE SO  NON USER COVERED SHORT=MORE LONG
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP-LESS  OPEN INTEREST FLAT  VOLUME DOWN  WORLD STOCKS UP    
TRADING: DOWN+NET SELLING+DECELERATED+TESTED CLOSED BELOW TREND SUPPORT
TARGETS: 480  (499  513  524)  546  569        PREMIUM MARKET       
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 FLAT = LESS BULLISH
TRADING: UP+BUYING+DECELERATED+TESTED+CLOSED BELOW RESISTANCE@7793+HIGHER LOWS       
TARGETS: 8090  7871  7793  (7707  7650)  7579  7477                               HIGHER LOWS
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 FLAT VOLUME UP= BEARISH
TRADING: DOWN+OFFSET BUYING+ACCELERATED+SUPPORT@147 TESTED CLOSED UP
TARGETS: 307  250  227  207  (174  147)                                                    LOWER HIGHS
NET TRADING: USER SOLD SHORT=NOW SHORT  NON USER COVERED SHORT=LESS SHORT
Post a Comment
Google+