farm commodity settlements-cme, september 8/2015 tuesday
MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS: LONGER TERM, LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS/DIRECTION
TRADING: DAILY DIRECTION/ACTIVITY+PREVAILING STRENGTH/S,
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT
TREND: PRICE/UP-LESS+OPEN INTEREST/UP+VOLUME/DOWN+WORLD STOCKS/UP=NEUTRAL
TRADING: UP/ BUYING+RALLY FROM NEW LOW+TESTING RESISTANCE@365-OLD LOW
TARGETS: 354/384/407/425/461/497 TRADING-MORE MOMENTUM
NET COMMITMENTS: USER: MORE SHORT = NON USER: LESS LONG = LESS MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT
TREND: PRICE/UP-FLAT+OPEN INTEREST/FLAT+VOLUME/UP+WORLD STOCKS/DOWN
TRADING: UP/BUYING+HIGHER LOW+INSIDE CONSOLIDATION-INSIDE 855-890
TARGETS: 855/890/916/936/976/1016 TRADING=MORE MOMENTUM
NET COMMITMENTS: USER: NOW NET LONG = NON USER LESS LONG = LESS MOMENTUM
WHEAT: 40 CENT DAILY LIMIT
TREND: PRICE/DOWN-LESS+OPEN INTEREST/FLAT-LESS+VOLUME/UP+WORLD STOCKS/UP
TRADING: DOWN/NET BUYING+SUPPORT@460 OLD LOWS+TESTING RESISTANCE@PRICE TREND
TARGETS: 618/572/554/538/511/489/437 TRADING-MORE MOMENTUM
NET COMMITMENTS: USER: MORE LONG = NON USER: MORE SHORT = MORE MOMENTUM
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TREND: PRICE/DOWN-LESS+OPEN INTEREST/DOWN+VOLUME/UP = LESS BEARISH
TRADING: DOWN/NET BUYING+PRICE RESISTANCE@7579+LOWER HIGHS
TARGETS: 8090/7871/7783/7707/7650/7579/7477 TRADING-SAME MOMENTUM
NET COMMITMENTS: USER-LESS LONG = NON USER:LESS SHORT = LESS MOMENTUM,
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TREND: PRICE/DOWN+OPEN INTEREST/DOWN+VOLUME/DOWN = BEARISH
TRADING: DOWN/OFFSET BUYING=SHORT COVERING + LONG BUYING@PRICE LINE SUPPORT
TARGETS: 307/250/227/207/174/147 TRADING-MORE MOMENTUM
NET COMMITMENTS: USER: LESS LONG = NON USER: MORE SHORT = SAME MOMENTUM
Tuesday, September 08, 2015
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