Big Pat's farm commodities analysis. Get the best and most current analysis of trends, trading, targets for corn, wheat, soybeans, heating oil, Canadian Dollar.
Friday, July 29, 2016
FARM COMMODITY SETTLEMENTS JULY 29/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY- LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY/WEEKLY- DIRECTION, MOMENTUM, ACTIVITY PREVAILING STRENGTH
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE
CORN/CZ16: 25 CENT DAILY LIMIT UP FROM BOTTOM @ 333
TREND: DOWN, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOSING MOMENTUM
TRADING: DOWN-LOSING MOMENTUM-NET BUYING+TESTED/CLOSED ABOVE TREND+333
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS UP
SOYBEANS/SX16 65 CENT DAILY LIMIT UP FROM BOTTOM AT 968
TREND DOWN, TARGETS: 1077-1050-1004-968. COMMITMENTS-LOSING MOMENTUM
TRADING: FLAT+GAINING MOMENTUM-BUYING+/CLOSED BELOW RESISTANCE AT 1004
FUTURES FORWARD AT DISCOUNT-WORLD STOCKS FLAT
WHEAT/SU16: 35 CENT DAILY LIMIT TEST OF SUPPORT AT 415
TREND: DOWN, TARGETS: 463-445-415-391 COMMITMENTS-MAINTAINED MOMENTUM
TRADING: DOWN-LOST MOMENTUM-NET SELLING-MET RESISTANCE AT TREND BELOW 415
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP
DOLLAR CAN/USD: CDU16 4.00 DAILY LIIMIT. COMMITMENTS-MAINTAINED MOMENTUM
TREND: DOWN, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: UP-GAINED MOMENTUM-BUYING-TESTED/CLOSED ABOVE RESISTANCE AT 7658
BELOW TREND-ABOVE RESISTANCE AT 5 PREVIOUS LOWS
HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT DOWN FROM 4 LOWER HIGHS
TRENDS: DOWN, TARGETS: 158-142-136-130-121-113, COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-LOSING MOMENTUM-MATCHED BUYING-SUPPORT AT 130+OLD LOW
DOWN FROM 5TH LOWER HIGH-NEW LOW-FUTURES FORWARD AT PREMIUM
Monday, July 25, 2016
Commodity Settlements/CME, JULY 25/2016 MONDAY
Markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY MOVE: LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY/WEEKLY MOVE: DIRECTION, MOMENTUM, ACTIVITY PREVAILING STRENGTH
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE
CORN/CZ16: 25 CENT DAILY LIMIT POTENTIAL UP FROM BOTTOM @ 333
TREND: DOWN/LESS SO, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOST MOMENTUM
TRADING: 1ST DAY UP-LESS MOMENTUM-MATCHED-VOLUME UP-HIGHER LOW-FLAT CLOSE
OVERSOLD-ABOVE SUPPORT@333-FUTURES FORWARD AT PREMIUM-FREE WORLD/STOCKS UP
SOYBEANS/SX16 65 CENT DAILY LIMIT POTENTIAL BOTTOM FOR THIS MOVE
TREND DOWN/MORE SO, TARGETS: 1077-1050-1004-968. COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-LESS MOMENTUM-NET SELLING-HIGHER VOLUME-LOWER CLOSE
OVERSOLD-TESTED/CLOSED BELOW 968-FUTURES FORWARD AT DISCOUNT-WORLD STOCKS FLAT
WHEAT/SU16: 35 CENT DAILY LIMIT POTENTIAL UP FROM BOTTOM AT 415
TREND: DOWN/LESS SO, TARGETS: 463-445-415-391 COMMITMENTS-MAINTAINED MOMENTUM
TRADING: UP-LESS MOMENTUM-NET BUYING-HIGHER VOLUME-HIGHER LOW-HIGHER CLOSE
TREND AS RESISTANCE/CLOSED ABOVE-FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP
CANADIAN DOLLAR/USD: CDU16 4.00 DAILY LIIMIT. COMMITMENTS-GAINED MOMENTUM
TREND: DOWN/MORE SO, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: DOWN-LESS MOMENTUM-SELLING-LOWER VOLUME-LOWER HIGHS-LOWER CLOSE
BELOW TREND-TESTED/CLOSED BELOW SUPPORT AT 5 PREVIOUS LOWS
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT
TRENDS: DOWN, TARGETS: 158-142-136-130-121-113, COMMITMENTS-MAINTAINED MOMENTUM
TRADING: DOWN-LOSING MOMENTUM-FLAT VOLUME-LOWER HIGHS-LOWER CLOSE
BELOW TREND-DOWN FROM 5TH LOWER HIGH-NEW LOW
Markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY MOVE: LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY/WEEKLY MOVE: DIRECTION, MOMENTUM, ACTIVITY PREVAILING STRENGTH
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE
CORN/CZ16: 25 CENT DAILY LIMIT POTENTIAL UP FROM BOTTOM @ 333
TREND: DOWN/LESS SO, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOST MOMENTUM
TRADING: 1ST DAY UP-LESS MOMENTUM-MATCHED-VOLUME UP-HIGHER LOW-FLAT CLOSE
OVERSOLD-ABOVE SUPPORT@333-FUTURES FORWARD AT PREMIUM-FREE WORLD/STOCKS UP
SOYBEANS/SX16 65 CENT DAILY LIMIT POTENTIAL BOTTOM FOR THIS MOVE
TREND DOWN/MORE SO, TARGETS: 1077-1050-1004-968. COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-LESS MOMENTUM-NET SELLING-HIGHER VOLUME-LOWER CLOSE
OVERSOLD-TESTED/CLOSED BELOW 968-FUTURES FORWARD AT DISCOUNT-WORLD STOCKS FLAT
WHEAT/SU16: 35 CENT DAILY LIMIT POTENTIAL UP FROM BOTTOM AT 415
TREND: DOWN/LESS SO, TARGETS: 463-445-415-391 COMMITMENTS-MAINTAINED MOMENTUM
TRADING: UP-LESS MOMENTUM-NET BUYING-HIGHER VOLUME-HIGHER LOW-HIGHER CLOSE
TREND AS RESISTANCE/CLOSED ABOVE-FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP
CANADIAN DOLLAR/USD: CDU16 4.00 DAILY LIIMIT. COMMITMENTS-GAINED MOMENTUM
TREND: DOWN/MORE SO, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: DOWN-LESS MOMENTUM-SELLING-LOWER VOLUME-LOWER HIGHS-LOWER CLOSE
BELOW TREND-TESTED/CLOSED BELOW SUPPORT AT 5 PREVIOUS LOWS
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT
TRENDS: DOWN, TARGETS: 158-142-136-130-121-113, COMMITMENTS-MAINTAINED MOMENTUM
TRADING: DOWN-LOSING MOMENTUM-FLAT VOLUME-LOWER HIGHS-LOWER CLOSE
BELOW TREND-DOWN FROM 5TH LOWER HIGH-NEW LOW
Friday, July 22, 2016
Commodity Settlements/CME, JULY 25/2016 MONDAY
markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY MOVE: LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY/WEEKLY MOVE: DIRECTION, ACTIVITY. MOMENTUM, PREVAILING STRENGTH
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF MOVE
CORN/CZ16: 25 CENT DAILY LIMIT POTENTIAL BOTTOM FOR THIS MOVE
TREND-LINE DOWN/LESS SO, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-NET BUYING-LOSING MOMENTUM-VOLUME DOWN-LOWER HIGH-HIGHER CLOSE
BELOW REVISED TREND-LINE-TESTED/CLOSED ABOVE SUPPORT@333-FREE WORLD/STOCKS UP
SOYBEANS/SX16 65 CENT DAILY LIMIT POTENTIAL BOTTOM FOR THIS MOVE
TREND-LINE DOWN/LESS SO, TARGETS: 1077-1050-1004-968. COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-NET SELLING-GAINED MOMENTUM-LOWER VOLUME-LOWER CLOSE
TESTED SUPPORT@YEARLY TREND-LINE UP+@968-CLOSED ABOVE 968-BELOW TREND-WORLD STOCKS FLAT
WHEAT/SU16: 35 CENT DAILY LIMIT POTENTIAL BOTTOM FOR THIS MOVE
TREND-LINE DOWN/LESS SO, TARGETS: 463-445-415-391 COMMITMENTS-MAINTAINED MOMENTUM
TRADING: UP-NET BUYING-GAINED MOMENTUM-HIGHER VOLUME-LOWER LOW-HIGHER CLOSE
@TREND-LINE AS RESISTANCE-CLOSED@TREND-LINE-TEST OF BOTTOM@415-FREE WORLD STOCKS-UP
CANADIAN DOLLAR/USD: CDU16 4.00 DAILY LIIMIT. COMMITMENTS-GAINED MOMENTUM
TREND-LINE DOWN/MORE SO, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: DOWN-NET SELLING-GAINED MOMENTUM-HIGHER VOLUME-LOWER HIGH-LOWER CLOSE
BELOW TREND-LINE-RELATIVE STRENGTH LIES IN SUPPORT@THIS THE SIXTH FLAT LOW
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT A SECOND LOWER HIGH CONFIRMS DIRECTION
TREND-LINE DOWN/LESS SO, TARGETS: 158-142-136-130-121-113, COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-NET SELLING-LOST MOMENTUM-HIGHER VOLUME-LOWER HIGH-LOWER CLOSE
BELOW TREND-LINE-@SUPPORT@136+CONVERGING RALLY TREND-NET SELLING INDICATES SOME BUYING
Saturday, July 16, 2016
Commodity Settlements/CME, JULY 15/2016 FRIDAY
markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY MOVE: LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY/WEEKLY MOVE: DIRECTION, ACTIVITY. MOMENTUM, PREVAILING STRENGTH
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF MOVE
CORN/DEC16: 25 CENT DAILY LIMIT SECOND PROTRUDING LOWER HIGH-CONFIRMS DIRECTION
TREND-LINE DOWN/LESS SO, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOSING MOMENTUM
TRADING: DOWN-NET SELLING-MAINTAINING MOMENTUM-VOLUME DOWN-LOWER HIGH-LOWER CLOSE
BELOW REVISED TREND-LINE-TESTED/CLOSED ABOVE SUPPORT@356-FREE WORLD/STOCKS UP
SOYBEANS/NOV16 65 CENT DAILY LIMIT SECOND PROTRUDING LOWER HIGH-CONFIRMS DIRECTION
TREND-LINE DOWN/LESS SO, TARGETS: 1108-1077-1050-1030-1018. COMMITMENTS-LOSING MOMENTUM
TRADING: DOWN-MATCHED EVEN-LOST MOMENTUM-LOWER VOLUME-LOWER CLOSE
BELOW REVISED TREND-LINE-TESTED SUPPORT@OLD RALLY LINE ABOVE 1030-WORLD STOCKS FLAT
WHEAT/SEPT16: 35 CENT DAILY LIMIT A SECOND PROTRUDING LOWER HIGH-CONFIRMS DIRECTION
TREND-LINE DOWN/LESS SO, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TREND-LINE DOWN/LESS SO, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TRADING: DOWN-NET SELLING-MAINTAINED MOMENTUM-FLAT VOLUME-LOWER HIGH/CLOSE
BELOW REVISED TREND-LINE-MET SUPPORT@PEVIOUS LOWS--FREE WORLD STOCKS-UP
CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT. COMMITMENTS-GAINING MOMENTUM
TREND-LINES ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TREND-LINES ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: FLAT-NET SELLING-HOLDING MOMENTUM-LOWER VOLUME-LOWER LOW-LOWER CLOSE
UPWARD TREND-LINE AS SUPPORT BEING TESTED-RELATIVE STRENGTH LIES IN 4 LOWER HIGHS
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT A SECOND LOWER HIGH CONFIRMS DIRECTION
TREND-LINE DOWN/LESS SO, TARGETS: 158-142-136-130-121-113, COMMITMENTS-GAINED MOMENTUM
TRADING: FLAT-MATCHED SELLING-LOSING MOMENTUM-LOWER VOLUME-FLAT LOW-LOWER CLOSE
BELOW TREND-LINE-BELOW 142-ABOVE NEW LOW JUST ABOVE 137
Thursday, July 14, 2016
Commodity Settlements/CME, JULY 14/2016 THURSDAY
markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY MOVE: LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY/WEEKLY MOVE: DIRECTION, ACTIVITY. MOMENTUM, PREVAILING STRENGTH
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF MOVE
CORN/DEC16: 25 CENT DAILY LIMIT A POTENTIAL SECOND PROTRUDING LOWER HIGH
TREND-LINE DOWN/LESS, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOSING MOMENTUM
TRADING: UP-NET SELLING-GAINED MOMENTUM-VOLUME FLAT-HIGHER LOW LOWER CLOSE
ABOVE TREND-LINE-RESISTANCE@382-CLOSED BELOW SUPPORT@370-FREE WORLD/STOCKS UP
SOYBEANS/NOV16 65 CENT DAILY LIMIT A POTENTIAL SECOND PROTRUDING LOWER HIGH
TREND-LINE DOWN/LESS SO-TARGETS: 1108-1077-1050-1030-1018. COMMITMENTS-LOSING MOMENTUM
TRADING: DOWN-MATCHED EVEN-LOST MOMENTUM-LOWER VOLUME-LOWER CLOSE
BELOW REVISED TREND-LINE-TESTED SUPPORT@OLD RALLY LINE ABOVE 1030-WORLD STOCKS-FLAT
TRADING: DOWN-MATCHED EVEN-LOST MOMENTUM-LOWER VOLUME-LOWER CLOSE
BELOW REVISED TREND-LINE-TESTED SUPPORT@OLD RALLY LINE ABOVE 1030-WORLD STOCKS-FLAT
WHEAT/SEPT16: 35 CENT DAILY LIMIT A SECOND PROTRUDING LOWER HIGH
TREND-LINE DOWN/LESS, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TREND-LINE DOWN/LESS, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TRADING: DOWN-NET SELLING-GAINED MOMENTUM-FLAT VOLUME-LOWER HIGH/CLOSE
ABOVE TREND-LINE-MET RESISTANCE@445-CLOSED BELOW--FREE WORLD STOCKS-UP
CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT. COMMITMENTS-GAINING MOMENTUM
TREND-LINES ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TREND-LINES ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: UP-BUYING-GAINING MOMENTUM-LOWER VOLUME-HIGHER LOW-HIGHER CLOSE
PENETRATED RESISTANCE@TREND-LINE+7761-CLOSED ABOVE BOTH
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT A SECOND LOWER HIGH
TREND-LINE DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT
TRADING: FLAT-NET BUYING-LOST MOMENTUM-LOWER VOLUME-LOWER HIGH-HIGHER CLOSE
BELOW TREND-LINE-BELOW 142-ABOVE NEW LOW
Wednesday, July 13, 2016
Commodity Settlements/CME, JULY 13/2016 WEDNESDAY
markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY MOVE: LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY/WEEKLY MOVE: DIRECTION, ACTIVITY. MOMENTUM, PREVAILING STRENGTH
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF MOVE
CORN/DEC16: 25 CENT DAILY LIMIT A REVERSAL WITH TODAY"S HIGHER CLOSE
TREND DOWN/LESS, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOSING MOMENTUM
TREND DOWN/LESS, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOSING MOMENTUM
TRADING: UP-NET BUYING-MODERATE-ABOVE TREND-RESISTANCE@OLD RALLY@370
VOLUME UP/OPEN INTEREST UP-HIGHER LOW-HIGHER CLOSE-FREE WORLD/STOCKS UP
SOYBEANS/NOV16 65 CENT DAILY LIMIT
TREND DOWN/LESS, TARGETS: 1186-1108-1077-1050-1018. COMMITMENTS-LOST MOMENTUM
TRADING: UP-NET BUYING-MODERATE-BELOW TREND-TESTED RESISTANCE/CLOSED@1108
VOLUME DOWN/OPEN INTEREST UP-HIGHER LOW-HIGHER CLOSE-WORLD STOCKS FLAT
WHEAT/SEPT16: 35 CENT DAILY LIMIT
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TRADING: UP-SELLING BOTH SIDES-MODERATE-ABOVE TREND-RESISTANCE/CLOSED BELOW 445
VOLUME FLAT/OPEN INTEREST FLAT-HIGHER LOW-FLAT CLOSE-FREE WORLD STOCKS-UP
CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT. COMMITMENTS-GAINING MOMENTUM
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: UP-NET BUYING-MODERATE-TESTED/CLOSED ON UP TREND-BELOW 7761
VOLUME UP/OPEN INTEREST FLAT-HIGHER LOW-HIGHER CLOSE
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT
TREND DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT
TRADING: DOWN-SELLING-MODERATE-BELOW TREND-MET SUPPORT@136
VOLUME UP/OPEN INTEREST FLAT-LOWER HIGH-LOWER CLOSE
Tuesday, July 12, 2016
Commodity Settlements/CME, JULY 12/2016 TUESDAY
markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY MOVE: LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY/WEEKLY MOVE: DIRECTION, ACTIVITY. MOMENTUM, PREVAILING STRENGTH
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF MOVE
CORN/DEC16: 25 CENT DAILY LIMIT NO REVERSAL-GAP WAS FILLED
TREND DOWN/LESS, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TREND DOWN/LESS, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TRADING: FLAT-NET MIXED MOMENTUM FLAT-OFF TREND-CLOSED ABOVE RESISTANCE@356
VOLUME FLAT/OPEN INTEREST UP-LOWER HIGH-HIGHER CLOSE-FREE WORLD/STOCKS UP
SOYBEANS/NOV16 65 CENT DAILY LIMIT
TREND DOWN/LESS, TARGETS: 1077-1050-1018-1004-968. COMMITMENTS-LOST MOMENTUM
TRADING: UP-BUYING-GAINED MOMENTUM-FROM NEW LOW-ON TREND/LAST RALLY@1077-
VOLUME UP/OPEN INTEREST DOWN-HIGHER/FLAT LOW-HIGHER CLOSE-WORLD STOCKS FLAT
WHEAT/SEPT16: 35 CENT DAILY LIMIT
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TRADING: FLAT/DOWN-MIXED-FLAT MOMENTUM-FLAT OFF TREND -INSIDE 415-445
VOLUME FLAT/OPEN INTEREST FLAT-LOWER HIGH-HIGHER CLOSE-FREE WORLD STOCKS-UP
CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT. COMMITMENTS-GAINING MOMENTUM
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: UP-NET BUYING-GAINED MOMENTUM-MET RESISTANCE@TREND-TESTED 7658
VOLUME/OPEN INTEREST-FLAT NEW HIGHER LOW-HIGHER CLOSE
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT
TREND DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT
TRADING: UP-BUYING GAINED MOMENTUM-MET RESISTANCE BELOW TREND-INSIDE 142-158
VOLUME UP/OPEN INTEREST DOWN-HIGHER LOW-HIGHER CLOSE
Sunday, July 10, 2016
Commodity Settlements/CME, JULY 8/2016 FRIDAY
markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY MOVE: LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVE: DIRECTION, ACTIVITY. MOMENTUM, PREVAILING STRENGTH
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF MOVE
CORN/DEC16: 25 CENT DAILY LIMIT APPEARS TO BE ISLAND REVERSAL IN FORMATION
TREND DOWN/LESS, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TREND DOWN/LESS, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TRADING: UP-BUYING MOMENTUM FLAT-FROM TREND-TESTED/CLOSED ABOVE RESISTANCE@356
VOLUME DOWN/OPEN INTEREST UP-HIGHER LOW-FLAT CLOSE-FREE W/STOCKS DOWN
SOYBEANS/NOV16 65 CENT DAILY LIMIT
TREND DOWN/LESS, TARGETS: 1077-1050-1018-1004-968. COMMITMENTS-LOST MOMENTUM
TRADING: FLAT-BUYING-LOST MOMENTUM-OFF TREND-TESTED/CLOSED ABOVE RESIISTANCE@1050
VOLUME DOWN/OPEN INTEREST FLAT-LOWER HIGH-HIGHER CLOSE-WORLD STOCKS DOWN
WHEAT/SEPT16: 35 CENT DAILY LIMIT
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TRADING: FLAT-NET BUYING-GAINED MOMENTUM-SUPPORT@TREND-RESISTANCE BELOW 445
VOLUME FLAT/OPEN INTEREST DOWN-HIGHER CLOSE-FREE WORLD STOCKS-FLAT
CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT. COMMITMENTS-GAINING MOMENTUM
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: DOWN-NET SELLING-LOST MOMENTUM-BELOW TREND UP-TESTED SUPPORT@7658
VOLUME/OPEN INTEREST-FLAT LOWER HIGH-LOWER CLOSE
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT
TREND DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT
TRADING: DOWN-MATCHED SELLING LOST MOMENTUM-BELOW TREND-SUPPORT@142
VOLUME//OPEN INTEREST DOWN-LOWER HIGH-FLAT CLOSE=REVERSAL NOT CONFIRMED
Wednesday, July 06, 2016
Commodity Settlements/CME, JULY 6/2016 WEDNESDAY
markets PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
markets PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY: DIRECTION, MOMENTUM, ACTIVITY, PREVAILING STRENGTH
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/DEC16: 25 CENT DAILY LIMIT POSSIBLE START OF ISLAND REVERSAL UP
TREND DOWN, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TREND DOWN, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TRADING: DOWN-LOSING MOMENTUM-SELLING-ABOVE TREND-TESTED/CLOSED BELOW 356
VOLUME DOWN/OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE-FREE W/STOCKS DOWN
SOYBEANS/NOV16 65 CENT DAILY LIMIT
TREND DOWN/LESS, TARGETS: 1186-1108-1077-1050. COMMITMENTS-GAINED MOMENTUM
TRADING: DOWN-LOST MOMENTUM-NET BUYING-BABOVE TREND-TESTED SUPPORT@1050
VOLUME UP/OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE-WORLD STOCKS DOWN
WHEAT/SEPT16: 35 CENT DAILY LIMIT
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TRADING: FLAT-LOST MOMENTUM-SELLING-MEWT TREND RESISTANCE-ABOVE SUPPORT@415
VOLUME DOWN/OPEN INTEREST-UP-LOWER HIGH-LOWER CLOSE-FREE WORLD STOCKS-FLAT
CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT. COMMITMENTS-LOSING MOMENTUM
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: DOWN-LOST MOMENTUM-NET BUYING-TESTED/CLOSED ABOVE TREND UP/7658
VOLUME UP/OPEN INTEREST UP-LOWER HIGH-HIGHER CLOSE
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT
TREND DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT
TRADING: DOWN-LOST MOMENTUM-NET BUYING-BELOW TREND-CLOSED AB0VE 142
VOLUME UP/OPEN INTEREST DOWN-LOWER HIGH-HIGHER CLOSE
Tuesday, July 05, 2016
Commodity Settlements/CME, JULY 5/2016 TUESDAY
markets PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
markets PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY: DIRECTION, MOMENTUM, ACTIVITY, PREVAILING STRENGTH
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/DEC16: 25 CENT DAILY LIMIT APPEARS AS EXHAUSTION GAP=356-333 BOTTOM
TREND DOWN, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TREND DOWN, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TRADING: DOWN/GAP-LOSING MOMENTUM-BUYING-ON TREND-TESTED/CLOSED ABOVE 356
VOLUME UP/OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE-FREE W/STOCKS DOWN
SOYBEANS/NOV16 65 CENT DAILY LIMIT POSSIBLE BREAK AWAY GAP AT THESE LEVELS
TREND DOWN/LESS, TARGETS: 1186-1108-1077-1050. COMMITMENTS-GAINED MOMENTUM
TRADING: DOWN/GAP-GAINED MOMENTUM-SELLING-BELOW TREND-TESTED SUPPORT@1077
VOLUME UP/OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE-WORLD STOCKS DOWN
WHEAT/SEPT16: 35 CENT DAILY LIMIT
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINING MOMENTUM
TRADING: DOWN-GAINED MOMENTUM-BUYING-ON TREND-MET SUPPORT@415
VOLUME UP/OPEN INTEREST-UP-LOWER HIGH-HIGHER CLOSE-FREE WORLD STOCKS-FLAT
CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT. COMMITMENTS-LOSING MOMENTUM
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: FLAT-GAINED MOMENTUM-NET SELLING ON TREND UP-TESTED/CLOSED BELOW 7761
VOLUME DOWN/OPEN INTEREST UP-HIGHER HIGH-LOWER LOW-LOWER CLOSE
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT
TREND DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT
TRADING: DOWN/REVERSAL-GAINED MOMENTUM-SELLING-TESTED/CLOSED BELOW TREND
VOLUME UP/OPEN INTEREST UP-HIGHER HIGH-LOWER LOW-LOWER CLOSE
Friday, July 01, 2016
Commodity Settlements/CME, JULY 1/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY: DIRECTION, MOMENTUM, ACTIVITY, PREVAILING STRENGTH
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/DEC16: 25 CENT DAILY LIMIT TEST OF BOTTOM@370-LESS BEARISH
TREND DOWN, TARGETS 424-418-407-399-386-370. COMMITMENTS-LOST MOMENTUM
TREND DOWN, TARGETS 424-418-407-399-386-370. COMMITMENTS-LOST MOMENTUM
TRADING: FLAT-LOST MOMENTUM-NET SELLING-OFF TREND-CLOSED BELOW 370
VOLUME DOWN/OPEN INTEREST UP-LOWER HIGH-FLAT CLOSE-FREE W/STOCKS DOWN
SOYBEANS/NOV16 65 CENT DAILY LIMIT
TREND DOWN/LESS, TARGETS: 1186-1108-1077-1050. COMMITMENTS-GAINED MOMENTUM
TRADING: FLAT-LOST MOMENTUM-NET SELLING-ON TREND-OLD RESISTANCE@1152
VOLUME UP/OPEN INTEREST UP-LOWER HIGH-LOWER CLOSE-WORLD STOCKS DOWN
WHEAT/SEPT16: 35 CENT DAILY LIMIT
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINED MOMENTUM
TREND DOWN, TARGETS: 534-483-463-445-415-391 COMMITMENTS-GAINED MOMENTUM
TRADING: DOWN-HOLDING MOMENTUM-SELLING-OFF TREND-TESTED CLOSED BELOW 445
VOLUME UP/OPEN INTEREST-UP-LOWER HIGH-LOWER CLOSE-FREE WORLD STOCKS-FLAT
CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT. COMMITMENTS-GAINED MOMENTUM
TREND DOWN, TARGETS: 8018-7761-7658-7568-7418-7298,
TREND DOWN, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: UP-HOLDING MOMENTUM-NET BUYING-OFF TREND-TESTED/CLOSED BELOW 7761
VOLUME DOWN/OPEN INTEREST FLAT-HIGHER LOW-HIGHER CLOSE
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT
TREND DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT
TRADING: DOWN-LOST MOMENTUM-NET BUYING-ON TREND-@RESISTANCE@TREND
VOLUME UP/OPEN INTEREST UP-LOWER HIGH-HIGHER CLOSE