Wednesday, September 24, 2014



SETTLEMENTS-CME
market-prices supply/demand with relative strength trading
trend: line joining highs with highs, lows with lows=direction 
trading-trend+momentum+prevailing strengths
targets-projected length of move
CORN- 35 cent daily trading limit
net positions: user-less long, investor-more long, other-less short
trends: prices down, open interest-down, supply projected-up more
traded: flat, net buying, slowed, unable to confirm lower below 328
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-flat, supply projected-up more so
traded: flat, offset selling, slowed, unable to penetrate support@936
targets: 1073-1022-976-936-867                 =less bearish
WHEAT- 45 cent daily trading limit
net positions: user-more long, investor-more short, other-less short
trends: prices lower, open interest-up, supply projected-up more so
traded: traded, buying, gained, penetrated-closed above resistance
targets: 547-497-415-349                            =less bearish
CANADIAN DOLLAR- no daily trading limit
net positions:  user-long, investor-more short, other-less long
trends: prices-lower, open interest-down@historic low
traded: lower, offset buying, slowed, support@8974 bottom of move
targets: 9140-9088-9040-8974                      =less bearish
HEATING OIL- 25 cent daily trading limit
net positions: user-more long, investor-more short. other-short
trends: prices lower, open interest-up
traded: flat, offset buying, gained, penetrated-closed below resistance
targets: 288-280-267-257                              =bearish

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