Tuesday, October 21, 2014

SETTLEMENTS-CME-2014 OCTOBER 21 TUESDAY

Markets-price supply/demand during relative strength trading
Trends-monthly=direction=down-lower highs, up-higher lows
Trading-weekly trend+prevailing strengths+activity+momentum
Targets-projected length of move
CORN- 35 cent daily trading limit, premium to back months
NET positions: user-less long, investor-more long, other-more short
Trends: prices-UP, open interest-UP, supply-UP/MORE
Trading: UP-day/1, resistance@old high, buying, gained momentum
Targets: 371-388-423-452                           =BULLISH
SOYBEANS- 1 dollar daily trading limit, premium to back months
NET positions: user-less long, investor-less short, other-less short
Trends: prices-UP, open interest-DOWN, supply-UP/MORE
Trading: UP-day/1, closed above 960, buying, gained momentum
Targets: 946-960-988-1016                          =BULLISH SIGNAL
WHEAT- 45 cent daily trading limit,premium to back months
NET positions: user-less long, investor-less short, other-more short
Trends: prices-UP/NEW, open interest-FLAT, supply-UP/LESS
Trading: UP-day/1, thru major trend, net buying, gained momentum
Targets: 545-571-622-673                            =BULLISH
CANADIAN DOLLAR- no daily trading limit
NET positions: user-more long, investor-more short, other: more short
Trends: prices-DOWN, open interest-UP
Trading: UP-day/1, higher low-@resistance, buying, gained momentum
Targets: 9076-9030-8959-8902-8820             =BULLISH SIGNAL
HEATING OIL- 25 cent daily trading limit, mostly flat to back months
NET positions: user-more long, investor-more short. other-long
Trends: prices-DOWN, open interest: UP
Trading: FLAT-day/1, thru resistance@minor trend, buying, momentum
Targets: 279-269-252-239                             =LESS BEARISH
COMMENTS WELCOME

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