Thursday, October 09, 2014


SETTLEMENTS-CME 2014 OCTOBER 9 THURSDAY

Markets-price supply/demand during relative strength trading
Trends-long term=direction=down-lower highs, up-higher lows
Trading-daily 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
traded: UP-day/6, @resistance, offset, gained momentum
targets: 406-377-342-328-290                           =BEARISH SIGNAL
SOYBEANS- 1 dollar daily trading limit, premium to back months
net positions: user-less long, investor-less short, other-more short
trends: prices-DOWN, open interest-UP, supply-UP
traded: DOWN-day/2@resistance@trend, net buying, lost momentum
targets: 1019-1002-972-949-914                        =BEARISH
WHEAT- 45 cent daily trading limit,premium to back months
net positions: user-less long, investor-less short, other-short
trends: prices-DOWN, open interest-DOWN, supply-UP
traded: DOWN-day/1, resistance@497 held, selling, lost momentum
targets: 547-497-415-349                                   =BEARISH
CANADIAN DOLLAR- no daily trading limit
net positions: user-more long, investor-short, other: short
trends: prices-DOWN/LESS, open interest-UP/FLAT
traded: UP-day/4, resistance@8959 held, net selling, lost momentum
targets: 9076-9030-8959-8902-8820                    =BEARISH
HEATING OIL- 25 cent daily trading limit, mostly flat to back months
net positions: user-more short, investor-long. other-less short
trends: prices-DOWN/MORE, open interest-UP
traded: DOWN-DAY/6, broke support@257, selling, gained momentum
targets: 288-280-267-257                                    =BEARISH

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