FARM COMMODITY SETTLEMENTS-CME MAY 13/2015 WEDNESDAY
Markets: price supply-demand during relative strength trading
Trends: join prices, highs with highs, lows with lows, giving direction
Trading: daily move, momentum, activity, prevailing strength
Targets: projected price objectives of trends and trading
CORN: 30 cent daily trading limit
TRENDS: PRICE-DOWN, OPEN INTEREST-UP, VOLUME HIGH, SUPPLY-DOWN
Trading: flat, decelerated, net buying, support@359 prevailed
Targets: 419-392-385-373-359-347 versus major trend=oversold
Commitments-net change: users invested long, funds invested short
SOYBEANS: 70 cent daily trading limit
Trends: price-down/more, open interest-up, volume-high, supply-up
TRADING: DOWN, DECELERATED, OFFSET, LOWER HIGH+THROUGH 959 NOT CONFIRMED
Targets: 1087-1014-985-959-917-883 versus major trend=oversold
Commitments-net change: others-divested long, funds-invested long
WHEAT: 40 cent daily limit
Trends: price-down, open interest-down, volume-moderate, supply-up
Trading: up, accelerated, offset buying, resistance@478 prevailing
Targets: 677-606-598-558-553-511-478 versus major trend=on trend
Commitments-net change: users-invested long, funds-invested short
CANADIAN DOLLAR/USD: 4.00 dollar daily limit
Trends: price-up/less, open interest-up, volume-moderate
Trading: up, accelerated, net buying, resistance@trend+@8365
Targets: 7781-8048-8250-8365-8406 versus major trend=on trend
Commitments-net change: users invested short, funds-divested short
HEATING OIL (ULSD): 25 cent daily limit
Trends: price-up/less, open interest-down, volume-high
Trading: up, decelerated, offset-through resistance-weak confirmation
Targets: 159-187-214-232-269-306 versus trend=overbought
Commitments:-net change: users-divested long, funds-invested long
Wednesday, May 13, 2015
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment