Tuesday, November 04, 2014

COMMODITY SETTLEMENTS-CME NOV 4/2014 

Markets-price supply/demand during relative strength trading
Trends-long term-downward-lower highs, upward-higher lows
Trading-move+activity+momentum+prevailing strength
Targets-projected length of move

CORN- NEW/25 cent daily trading limit, premium to back months
Net commitments: Commercials-sold short, investors-covered short
Trends: prices-upward open interest-higher volume-high supply-up
Trading: down-day/3, selling-accelerated to above support@trend
Targets: 371-388-423-452                                   =BULLISH
SOYBEANS- NEW/70 cent daily trading limit, premium to back months
Net commitments: commercials-offset, investors-offset
Trends: prices-up/less so open interest-lower vol-moderate supply-up
Trading: down-signals new move from high-selling-@support@1023
Targets: 993-1023-1082-1142                              =BEARISH
WHEAT- NEW/35 cent daily trading limit, premium to back months
Net commitments: commercials-sold short, investors-covered short
Trends: prices-upward, open interest-lower, volume-high, supply-up
Trading: flat-day/2, selling-decelerated penetrated trend as support
Targets: 545-571-622-673                                    =BULLISH
CANADIAN DOLLAR- no daily trading limit
Net commitments: institutions-sold long, investors-bought long
Trends: prices-downward, open interest-higher, volume-moderate
Trading: down-day/4, net selling-same momentum to new low 
Targets: 9076-9033-8962-8820-8678                     =BEARISH
HEATING OIL- 25 cent daily trading limit, mostly flat to back months
Net Commitments: commercials-bought long, investors-sold short
Trends: prices-downward, open interest-up, volume-moderate
Trading: down-day/1, net selling-accelerated toward low for move 
Targets: 279-269-252-239                                     =BEARISH 
COMMENTS WELCOME

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