FARM COMMODITY SETTLEMENTS-CME JAN 29/2015 THURSDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-move in channel/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-less short/non commercials-less long
Trends: channel-down/original+open interest-up+supply-up/less
Trading: LOWER/NARROW RANGE LENGTH+OFFSET+TESTING SUPPORT AT CHANNEL LOW
TARGETS: 522-439-406-377-328-290 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-now short
Trends: CHANNEL-D0WN/SECOND REVISED+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: FLAT/NARROW RANGE LENGTH+OFFSET SELLING+TEST/2ND REVISED CHANNEL HIGH
Targets: 1087-1014-985-959-917-883 =LESS BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-less short/non commercials-now short
Trends: channel-down/original+open interest-up+supply-up/more
Trading: LOWER/NARROW RANGE LENGTH+OFFSET+ALONG SUPPORT UPSIDE CHANNEL HIGH
Targets: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MLRE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/third revised+open interest-down+low volume
Trading: LOWER/WIDER RANGE LENGTH+NET SELLNG+TESTING SUPPORT OF CHANNEL LOW
Targets: 8931-8545-8391-8256-8030-7850 OVERSOLD=BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/third revised+open interest-up
Trading: DOWN/NARROW RANGE LENGTH+OFFSET SELLING+TEST/RESISTANCE OF CHANNEL HIGH
Targets: 307-250-227-207-174-164 =BEARISH
Big Pat's farm commodities analysis. Get the best and most current analysis of trends, trading, targets for corn, wheat, soybeans, heating oil, Canadian Dollar.
Thursday, January 29, 2015
Wednesday, January 28, 2015
FARM COMMODITY SETTLEMENTS-CME JAN 28/2015 WEDNESDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-move in channel/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-less short/non commercials-less long
Trends: channel-down/original+open interest-down+supply-up/less
Trading: LOWER/MODERATE RANGE LENGTH+SELLING+AT SUPPORT AT LOW OF CHANNEL
TARGETS: 522-439-406-377-328-290 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-now short
Trends: CHANNEL-D0WN/SECOND REVISED+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: LOWER/NARROW RANGE LENGTH+NET SELLING+BREAKTHROUGH CONFIRMED
Targets: 1087-1014-985-959-917-883 =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-less short/non commercials-now short
Trends: channel-down/original+open interest-flat+supply-up/more
Trading: LOWER/NARROW RANGE LENGTH+SELLING+TESTED/CLOSED BELOW CHANNEL HIGH
Targets: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MLRE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/third revised+open interest-down+low volume
Trading: LOWER/WIDE RANGE LENGTH+NET SELLNG+FROM RESISTANCE @ CHANNEL LOW
Targets: 8931-8545-8391-8256-8030-7850 OVERSOLD=BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/third revised+open interest-up
Trading: FLAT/SHORTER LENGTH+NET SELLING+RESISTANCE AT CHANNEL HIGH
Targets: 307-250-227-207-174-164 =BEARISH
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-move in channel/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-less short/non commercials-less long
Trends: channel-down/original+open interest-down+supply-up/less
Trading: LOWER/MODERATE RANGE LENGTH+SELLING+AT SUPPORT AT LOW OF CHANNEL
TARGETS: 522-439-406-377-328-290 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-now short
Trends: CHANNEL-D0WN/SECOND REVISED+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: LOWER/NARROW RANGE LENGTH+NET SELLING+BREAKTHROUGH CONFIRMED
Targets: 1087-1014-985-959-917-883 =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-less short/non commercials-now short
Trends: channel-down/original+open interest-flat+supply-up/more
Trading: LOWER/NARROW RANGE LENGTH+SELLING+TESTED/CLOSED BELOW CHANNEL HIGH
Targets: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MLRE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/third revised+open interest-down+low volume
Trading: LOWER/WIDE RANGE LENGTH+NET SELLNG+FROM RESISTANCE @ CHANNEL LOW
Targets: 8931-8545-8391-8256-8030-7850 OVERSOLD=BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/third revised+open interest-up
Trading: FLAT/SHORTER LENGTH+NET SELLING+RESISTANCE AT CHANNEL HIGH
Targets: 307-250-227-207-174-164 =BEARISH
Tuesday, January 27, 2015
FARM COMMODITY SETTLEMENTS-CME JAN 27/2015 TUESDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-move in channel/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-less short/non commercials-less long
Trends: channel-down/original+open interest-up+supply-up/less
Trading: LOWER/NARROW LENGTH OF RANGE+OFFSET+AT SUPPORT MID CHANNEL
TARGETS: 522-439-406-377-328-290 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-now short
Trends: CHANNEL-UP/THIRD REVISED+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: HIGHER/NARROW LENGTH OF RANGE+SELLING+AT SUPPORT AT LOW OF CHANNEL
Targets: 1087-1014-985-959-917-883 =LESS BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-less short/non commercials-now short
Trends: channel-down/original+open interest-up+supply-up/more
Trading: LOWER/NARROW LENGTH OF RANGE+OFFSET+AT RESISTANCE AT HIGH OF CHANNEL
Targets: 677-606-598-558-553-511-478 =LESS BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MLRE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/third revised+open interest-up+low volume
Trading: HIGHER/MODERATE RANGE+BUYING+VIRTUAL REVERSAL FROM SUPPORT AT 8030
Targets: 8931-8545-8391-8256-8030-7850 =LESS BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/third revised+open interest-up
Trading: FLAT/SAME LENGTH OF RANGE+NET BUYING AT 164+RESISTANCE AT HIGH OF CHANNEL
Targets: 307-250-227-207-174-164 =LESS BEARISH
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-move in channel/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-less short/non commercials-less long
Trends: channel-down/original+open interest-up+supply-up/less
Trading: LOWER/NARROW LENGTH OF RANGE+OFFSET+AT SUPPORT MID CHANNEL
TARGETS: 522-439-406-377-328-290 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-now short
Trends: CHANNEL-UP/THIRD REVISED+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: HIGHER/NARROW LENGTH OF RANGE+SELLING+AT SUPPORT AT LOW OF CHANNEL
Targets: 1087-1014-985-959-917-883 =LESS BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-less short/non commercials-now short
Trends: channel-down/original+open interest-up+supply-up/more
Trading: LOWER/NARROW LENGTH OF RANGE+OFFSET+AT RESISTANCE AT HIGH OF CHANNEL
Targets: 677-606-598-558-553-511-478 =LESS BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MLRE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/third revised+open interest-up+low volume
Trading: HIGHER/MODERATE RANGE+BUYING+VIRTUAL REVERSAL FROM SUPPORT AT 8030
Targets: 8931-8545-8391-8256-8030-7850 =LESS BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/third revised+open interest-up
Trading: FLAT/SAME LENGTH OF RANGE+NET BUYING AT 164+RESISTANCE AT HIGH OF CHANNEL
Targets: 307-250-227-207-174-164 =LESS BEARISH
Monday, January 26, 2015
FARM COMMODITY SETTLEMENTS-CME JAN 26/2015 MONDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-Movement+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: channel-down/first phase+open interest-up+supply-up/less
Trading: TRADING HIGHER/NARROW RANGE+OFFSET+@ TOP OF CHANNEL RESISTANCE
TARGETS: 522-439-406-377-328-290 MAINTAINING TREND=BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-now short
Trends: CHANNEL-UP/THIRD PHASE+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: HIGHER/NARROW RANGE+NET BUYING+TEST OF SUPPORT CONTINUES=WEAK
Targets: 1087-1014-985-959-917-883 =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-less short/non commercials-now short
Trends: channel-down/first phase+open interest-up+supply-up/more
Trading: LOWER/MODERATE RANGE+SELLING+TEST OF TOP MAINTAINING TREND
Targets: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MLRE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/third phase+open interest-up+low volume
Trading: FLAT/NARROW RANGE+NET SELLING+APPEARS TO BE A HEDGING AFFAIR
Targets: 9398-8773-8523-8304-7940-7648 =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/third phase+open interest-up
Trading: FLAT/WIDER RANGE+OFFSET LIQUIDATION+TOP OF CHANNEL RESISTANCE
Targets: 307-250-227-207-174-164 =BEARISH
Thursday, January 22, 2015
FARM COMMODITY SETTLEMENTS-CME JAN 22/2015 THURSDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-Movement+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: channel-down/narrow+open interest-up+supply-up/less
Trading: lower from lower high at resistance at high of channel
Targets: 522-439-406-377-328-290 net selling =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-less long
Trends: channel-down/less+open interest-up-supply-up/more
Trading: flat/testing new low+wider range+net selling+drifting
Targets: 1087-1014-985-959-917-883 =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now short/non commercials-less long
Trends: channel-down/steady+open interest-up, supply-up/more
Trading: lower/net selling meeting resistance at top of channel
Targets: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- no daily limit
Net positions: ≤commercials-more long/non commercials-more short
Trends: channel-down/vertical+open interest-up+low volume
Trading: lower/narrow range+net selling+small buying(covering?)
Targets: 9398-8773-8523-8304-7940-7648 =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/steady+open interest-up
Trading: higher on apparent short-side activity, making a new low
Targets: 307-250-227-207-174-164 =LESS BEARISH
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-Movement+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: channel-down/narrow+open interest-up+supply-up/less
Trading: lower from lower high at resistance at high of channel
Targets: 522-439-406-377-328-290 net selling =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-less long
Trends: channel-down/less+open interest-up-supply-up/more
Trading: flat/testing new low+wider range+net selling+drifting
Targets: 1087-1014-985-959-917-883 =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now short/non commercials-less long
Trends: channel-down/steady+open interest-up, supply-up/more
Trading: lower/net selling meeting resistance at top of channel
Targets: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- no daily limit
Net positions: ≤commercials-more long/non commercials-more short
Trends: channel-down/vertical+open interest-up+low volume
Trading: lower/narrow range+net selling+small buying(covering?)
Targets: 9398-8773-8523-8304-7940-7648 =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/steady+open interest-up
Trading: higher on apparent short-side activity, making a new low
Targets: 307-250-227-207-174-164 =LESS BEARISH
Tuesday, January 20, 2015
FARM COMMODITY SETTLEMENTS-CME JAN 20/2015 TUESDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-Movement+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: channel-down/narrow+open interest-up+supply-up/less
Trading: HIGHER/FLAT IN CHANNEL/MORE MOMENTUM+NET BUYING+TESTING RESISTANCE@388
TARGETS: 318-348-370-388-423-458 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-less long
Trends: CHANNEL-DOWN/SHARP+OPEN INTEREST-UP+SUPPLY-UP/MORE
Trading: LOWER+SAME MOMENTUM+OFFSET+HEAD AND SHOULDER PROJECTS SUPPORT@959
Targets: 1087-1014-985-959-917-883 =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now short/non commercials-less long
Trends: channel-down/steady+open interest-up, supply-up/more
Trading: LOWER-FLAT/MORE MOMENTUM+NET BUYING+@RESISTANCE OF TOP OF CHANNEL
Targets: 677-606-598-558-553-511-478 =LESS BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MORE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/more so+open interest-up
Trading: LOWER/GAINED MOMENTUM+SELLING+PENETRATED SUPPORT@LOW OF CHANNEL
Targets: 8981-8712-8604-8510-8353-8307-8227 =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/steady+open interest-up
Trading: FLAT/SAME MOMENTUM+NET SELLING+TEST OF BOTTOM OF MOVE
Targets: 307-250-227-207-174-164 =LESS BEARISH
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-Movement+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: channel-down/narrow+open interest-up+supply-up/less
Trading: HIGHER/FLAT IN CHANNEL/MORE MOMENTUM+NET BUYING+TESTING RESISTANCE@388
TARGETS: 318-348-370-388-423-458 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-less long
Trends: CHANNEL-DOWN/SHARP+OPEN INTEREST-UP+SUPPLY-UP/MORE
Trading: LOWER+SAME MOMENTUM+OFFSET+HEAD AND SHOULDER PROJECTS SUPPORT@959
Targets: 1087-1014-985-959-917-883 =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now short/non commercials-less long
Trends: channel-down/steady+open interest-up, supply-up/more
Trading: LOWER-FLAT/MORE MOMENTUM+NET BUYING+@RESISTANCE OF TOP OF CHANNEL
Targets: 677-606-598-558-553-511-478 =LESS BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MORE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/more so+open interest-up
Trading: LOWER/GAINED MOMENTUM+SELLING+PENETRATED SUPPORT@LOW OF CHANNEL
Targets: 8981-8712-8604-8510-8353-8307-8227 =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/steady+open interest-up
Trading: FLAT/SAME MOMENTUM+NET SELLING+TEST OF BOTTOM OF MOVE
Targets: 307-250-227-207-174-164 =LESS BEARISH
Friday, January 16, 2015
FARM COMMODITY SETTLEMENTS-CME JAN 16/2015 FRIDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-Movement+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: channel-down+open interest-up+supply-up
Trading: FLAT/LOST MOMENTUM+NET BUYING@LOW OF CHANNEL-SUPPORT NOT CHALLENGED
TARGETS: 318-348-370-388-423-458 =LESS BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-less long/non-commercials-more long
Trends: CHANNEL-DOWN/GRADUALLY+OPEN INTEREST-UP+SUPPLY-UP
Trading: LOWER+LOST MOMENTUM+BUYING@985+LOW VOLUME+GOOD RESISTANCE
Targets: 1087-1014-985-959-917-883 =LOOKS BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now long/non commercials-less long
Trends: channel-down/steady+open interest-flat+supply-up
Trading: FLAT/LOST MOMENTUM+NET SELLING+LOW VOLUME+NO SIGNIFICANT CHANGE
Targets: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MORE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/steady+open interest-up
Trading: LOWER/GAINED MOMENTUM+OFSET+STEADY BUYING@LOW OF CHANNEL
Targets: 8981-8712-8604-8510-8353-8307-8227 =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-less long/non commercials-less short
Trends: channel-down/steady+open interest-up
Trading: FLAT/LOST MOMENTUM+NET SELLING+TEST OF BOTTOM-PUTTING A STOP TO MOVE
Targets: 307-250-227-207-174-164 =LESS BEARISH
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-Movement+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: channel-down+open interest-up+supply-up
Trading: FLAT/LOST MOMENTUM+NET BUYING@LOW OF CHANNEL-SUPPORT NOT CHALLENGED
TARGETS: 318-348-370-388-423-458 =LESS BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-less long/non-commercials-more long
Trends: CHANNEL-DOWN/GRADUALLY+OPEN INTEREST-UP+SUPPLY-UP
Trading: LOWER+LOST MOMENTUM+BUYING@985+LOW VOLUME+GOOD RESISTANCE
Targets: 1087-1014-985-959-917-883 =LOOKS BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now long/non commercials-less long
Trends: channel-down/steady+open interest-flat+supply-up
Trading: FLAT/LOST MOMENTUM+NET SELLING+LOW VOLUME+NO SIGNIFICANT CHANGE
Targets: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MORE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/steady+open interest-up
Trading: LOWER/GAINED MOMENTUM+OFSET+STEADY BUYING@LOW OF CHANNEL
Targets: 8981-8712-8604-8510-8353-8307-8227 =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-less long/non commercials-less short
Trends: channel-down/steady+open interest-up
Trading: FLAT/LOST MOMENTUM+NET SELLING+TEST OF BOTTOM-PUTTING A STOP TO MOVE
Targets: 307-250-227-207-174-164 =LESS BEARISH
Thursday, January 15, 2015
FARM COMMODITY SETTLEMENTS-CME JAN 15/2015 THURSDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-Movement+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: channel-down+open interest-up+supply-up
Trading: LOWER/LOST MOMENTUM+OFFSET+PENETRATING/FOLLOWING LOW OF CHANNEL
TARGETS: 318-348-370-388-423-458 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-less long, non-commercials-more long
Trends: CHANNEL-DOWN/GRADUALLY+OPEN INTEREST-UP+SUPPLY-UP
Trading: FLAT+GAINED MOMENTUM+SHORT SELLING+MEETING SUPPORT@OLD TREND+@985
Targets: 1087-1014-985-959-917-883 =TEST OF BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now long, non commercials-less long
Trends: channel-down/steady+open interest-flat+supply-up
Trading: LOWER/GAINED MOMENTUM+NET SELLING+PENETRATED LEVEL OF OLD LOW
Targets: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MORE LONG, NON COMMERCIALS-MORE SHORT
Trends: channel-down/steady+open interest-up
Trading: FLAT/LOST MOMENTUM+NET SELLING+FORMING A BOTTOM@CHANNEL LOW
Targets: 9076-9033-8965-8820-8678-8553-8393 =LESS BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-less long, non commercials-less short
Trends: channel-down/steady+open interest-up
Trading: HIGHER/GAINED MOMENTUM+NET SELLING+MET RESISTANCE NEAR HIGH OF CHANNEL
Targets: 307-242-216-193-155-146-125 =BEARISH
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-Movement+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: channel-down+open interest-up+supply-up
Trading: LOWER/LOST MOMENTUM+OFFSET+PENETRATING/FOLLOWING LOW OF CHANNEL
TARGETS: 318-348-370-388-423-458 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-less long, non-commercials-more long
Trends: CHANNEL-DOWN/GRADUALLY+OPEN INTEREST-UP+SUPPLY-UP
Trading: FLAT+GAINED MOMENTUM+SHORT SELLING+MEETING SUPPORT@OLD TREND+@985
Targets: 1087-1014-985-959-917-883 =TEST OF BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now long, non commercials-less long
Trends: channel-down/steady+open interest-flat+supply-up
Trading: LOWER/GAINED MOMENTUM+NET SELLING+PENETRATED LEVEL OF OLD LOW
Targets: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MORE LONG, NON COMMERCIALS-MORE SHORT
Trends: channel-down/steady+open interest-up
Trading: FLAT/LOST MOMENTUM+NET SELLING+FORMING A BOTTOM@CHANNEL LOW
Targets: 9076-9033-8965-8820-8678-8553-8393 =LESS BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-less long, non commercials-less short
Trends: channel-down/steady+open interest-up
Trading: HIGHER/GAINED MOMENTUM+NET SELLING+MET RESISTANCE NEAR HIGH OF CHANNEL
Targets: 307-242-216-193-155-146-125 =BEARISH