Friday, October 16, 2015

Farm Commodity Settlements/CME, October16/2015 Friday
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 DOWN  WORLD STOCKS DOWN
TRADING: DOWN+NET BUYING+NEUTRAL+TREND TESTED+CLOSED ABOVE
TARGETS: (353  384)  407  425  461  497        PREMIUM MARKET    
NET TRADING: USER COVERED SHORT  NON USER SOLD LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE FLAT  OPEN INTEREST FLAT VOLUME DOWN  WORLD STOCKS UP
TRADING: DOWN+SELLING+NEUTRAL+CORRECTION TOWARD TREND SUPPORT
TARGETS: 855  (890  916)  937  978  1016       PREMIUM MARKET     OVERBOUGHT     
NET TRADING: USER SOLD SHORT  NON USER BOUGHT LONG
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP-LESS  OPEN INTEREST FLAT  VOLUME UP  WORLD STOCKS UP    
TRADING: DOWN+SHORT SELLING+ACCELERATED+TEST OF TREND DIRECTION
TARGETS: (480  499  513)  524  546  569        PREMIUM MARKET       LOWER HIGHS
NET TRADING: USER COVERED SHORT  NON USER SOLD LONG 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP  OPEN INTEREST UP  VOLUME DOWN = LESS BULLISH
TRADING: FLAT+SHORT SELLING+DECELERATED+RESISTANCE BELOW 7793       
TARGETS: 8090  7871  (7793  7707)  7650  7579  7477                               HIGHER LOWS
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP  OPEN INTEREST UP   VOLUME DOWN= LESS BEARISH
TRADING: UP+OFFSET BUYING+DECELERATED+SIGNALS BOTTOM REVERSAL
TARGETS: (144 156)  165  172  186  200     LOWER HIGHS    FROM SUPPORT@144 LOW
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT
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