Monday, September 29, 2014




SETTLEMENTS-CME 2014 SEPTEMBER 29 MONDAY
Markets-price supply/demand during relative strength trading
Trend: line joining highs with highs, lows with lows=direction 
Trading-trend+activity+momentum+prevailing strengths
Targets-projected length of move
CORN- 35 cent daily trading limit
net positions: user-less long, investor-more long, other-more short
trends: prices DOWN (LESS SO), open interest-DOWN, supply-UP
trading: DOWN, net buying, gained momentum, more gradual angle
targets: 406-377-328-290                          =less bearish
SOYBEANS- 1.00 dollar daily trading limit
net positions: user-more long, investor-more short, other-more short
trends: prices-DOWN, open interest-UP, supply-UP
trading: DOWN, net buying, gained momentum, thru 914-closed above
targets: 1019-1002-972-949-914                 =less bearish
WHEAT- 45 cent daily trading limit
net positions: user-more long, investor-more short, other-less short
trends: prices DOWN, open interest-DOWN, supply-UP
trading: UP, net buying, gained momentum, support@trend
targets: 547-497-415-349                           =less bearish
CANADIAN DOLLAR- no daily trading limit
net positions:  user-more long, investor-less long, other-less short
trends: prices-DOWN, open interest-UP
trading: DOWN, net buying, lost momentum, support@8959 holding
targets: 9076-9030-8959-8902                     =less bearish
HEATING OIL- 25 cent daily trading limit
net positions: user-more long, investor-more short. other-more short
trends: prices-DOWN, open interest-UP
trading: DOWN, offset buying, equal momentum, toppy@support
targets: 288-280-267-257                             =suspect bearish

No comments:

Google+