Tuesday, October 27, 2015

Farm Commodity Settlements/CME, October27/2015 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  OPEN INTEREST UP  VOLUME UP  WORLD STOCKS DOWN
TRADING: FLAT NET SELLING ACCELERATED SUPPORT@TREND 384 TESTED CLOSED BELOW 
TARGETS: (353  384)  407  425  461  497        PREMIUM MARKET    HIGHER LOWS
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT+LESS MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP -LESS  OPEN INTEREST DOWN  VOLUME FLAT WORLD STOCKS UP
TRADING: DOWN  NET BUYING DECELERATED SUPPORT@890 TESTED CLOSED BELOW TREND
TARGETS: (855  890)  916)  937  978  1016       PREMIUM MARKET    HIGHER LOWS      
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT= FLAT MOMENTUM
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST FLAT  VOLUME UP   WORLD STOCKS UP    
TRADING: UP MATCHED SELLNG DECELERATED TESTED CLOSED BELOW 513  ABOVE TREND
TARGETS: 464  (503  513) 532  546       PREMIUM MARKET     HIGHER LOWS
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT=MORE MOMENTUM 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP-LESS=1ST REVISED  OPEN INTEREST DOWN  VOLUME UP 
TRADING: DOWN SELLING ACCELERATED TESTED SUPPORT@7579 CLOSED BELOW       
TARGETS: 8090  7871  7793  7707  7650 ( 7579  7477)                     LOWER HIGHS
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP-LESS-3RD REVISED  OPEN INTEREST UP  VOLUME UP
TRADING: UP-REVERSAL  MATCHED BUYING ACCELERATED   CLOSED ABOVE TREND
TARGETS: (144 156)  165  172  186  200                                          LOWER HIGH
NET TRADING: USER SOLD SHORT  NON USER BOUGHT LONG

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