Farm Commodity Settlements/CME, October 6/2015 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-NEW OPEN INTEREST DOWN VOLUME UP WORLD STOCKS DOWN
TRADING: UP BUYING ACCELERATING BREAKOUT UPSIDE OF TREND HIGHER LOWS
TARGETS: 353 384 407 425 461 497 PREMIUM MARKET FORWARD
NET COMMITMENTS: USER MORE SHORT NON USER MORE LONG = MORE MOVING FORCE
SOYBEANS: 70 CENT DAILY TRADING LIMIT
TRENDS: PRICE FLAT OPEN INTEREST DOWN VOLUME DOWN WORLD STOCKS DOWN
TRADING: UP NET BUYING ACCELERATING TESTED-CLOSED BELOW TREND RESISTANCE
TARGETS: (855 890) 916 937 978 1016 PREMIUM MARKET FORWARD
NET COMMITMENTS: USER NOW SHORT, NON USER MORE LONG = MORE MOVING FORCE
WHEAT: 40 CENT DAILY LIMIT
TRENDS: PRICE UP OPEN INTEREST DOWN VOLUME UP WORLD STOCKS UP
TRADING: UP BUYING ACCELERATED UPSIDE AWAY FROM TREND SUPPORT OVERBOUGHT
TARGETS: 464 (503 532) 555 600 646 PREMIUM MARKET FORWARD
NET COMMITMENTS: USER LESS LONG, NON USER LESS SHORT = LESS MOVING FORCE-
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE UP OPEN INTEREST DOWN VOLUME UP= LESS BULLISH
TRADING: UP NET BUYING NO CHANGE SHORT COVERING OPEN INTEREST DOWN WEAK
TARGETS: 8090 7871 7793 7707 7650 (7579 7477)
NET COMMITMENTS: USER MORE LONG NON USER MORE SHORT = MORE MOVING FORCE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN OPEN INTEREST DOWN VOLUME UP = BEARISH
TRADING: UP NET BUYING ACCELERATING TESTED- CLOSED ABOVE TREND RESISTANCE
TARGETS: 307 250 227 207 (174 147) PREMIUM MARKET FORWARD
NET COMMITMENTS: USER LESS LONG NON USER MORE SHORT = LESS MOVING FORCE
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