Tuesday, December 09, 2014

COMMODITY SETTLEMENTS-CME DEC 9/2014 TUESDAY
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
Net positions: commercials-less short/non commercials-less long
Trends: price-up/less, open interest-down, volume-low, supply-up
Trading: FLAT/LESS FORCE-NET BUYING-CLOSED ABOVE/TESTING RESISTANCE@388 
TARGETS: 371-388-423-452                                   =LESS BULLISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long, non-commercials-less long
Trends: PRICE-UP, OPEN INTEREST FLAT, VOLUME-MODERATE, SUPPLY-UP
Trading: UP/LESS FORCE-NET BUYING-CLOSED ABOVE/TESTING RESISTANCE+TOPPY
Targets: 993-1023-1082-1142                              =LESS BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-less long, non commercials-less short
Trends: price-up/more, open interest-flat, volume-low, supply-up
Trading: DOWN-LOWER HIGH/SAME FORCE-NET SELLING+@SUPPORT@TREND   
Targets: 545-571-622-673                                   =LESS BULLISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MORE LONG, NON COMMERCIALS-MORE SHORT
Trends: price/down, open interest-up, volume-high
Trading: FLAT-/MORE FLORCE+NET BUYING+MET RESISTANCE@TREND
Targets: 9076-9033-8965-8820-8678                    =LESS BEARISH
HEATING OIL- 25 cent daily limit, futures@discount jan/15-APR/15
Net positions: commercials-more long, non commercials-more short
Trends: price-down/steep, open interest-up, volume-down
Trading: down-new low/less force-net buying-met resistance@trend
Targets: 272-263-249-220-190                             =LESS BEARISH

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