Friday, November 28, 2014

COMMODITY SETTLEMENTS-CME NOV 28/2014
Markets-price supply/demand during relative strength trading
Trends-major (long term), down-lower highs, up-higher lows
Trading-(range)+direction/momentum+activity+prevailing strength
Targets-projected length of move

CORN- 25 cent daily limit, futures @ premium mar/15 - july/16 
Net commitments: users-sold short, funds-bought long
Trends: price-up, open interest-down, volume-down, supply-up
Trading-flat/acceleration+buying+resistance@388 prevailing
Targets: 371-388-423-452                                   =LESS BULLISH  
SOYBEANS- 70 cent daily limit, futures @ premium mar/15 - aug/15
Net commitments: users-sold short, funds-sold long
Trends: PRICE-UP, OPEN INTEREST- FLAT, VOLUME-DOWN, SUPPLY-UP
Trading: down/acceleration+selling+lower high-@6th low@trend
Targets: 993-1023-1082-1142                              =BEARISH SIGNAL
WHEAT- 35 cent daily limit, futures @ premium may/15 - may/16
Net commitments: users sold short, funds-short covered
Trends: price-up, open interest-down, volume-flat, supply-up
Trading: up/acceleration+buying+steady following trend    
Targets: 545-571-622-673                                   =BULLISH
CANADIAN DOLLAR- no daily limit, futures@discount jan/15-apr/15
NET COMMITMENTS, USERS-NOMINAL ACTIVITY, FUNDS-SHORT COVERED
Trends: price/down, open interest-up, volume-up
Trading: down/acceleration+selling+making 6th low reversed trend 
Targets: 9076-9033-8965-8820-8678                    =BEARISH
HEATING OIL- 25 cent daily limit, futures@discount jan/15-APR/15
Net commitments: users-sold long, funds-bought long
Trends: price-down, open interest-down, volume-down
Trading: down/acceleration+selling+penetrated support@220
Targets: 272-263-249-220-190                             =BEARISH

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