FARM COMMODITY SETTLEMENTS-CME FEB27/2015 FRIDAY
Markets-price supply/demand during relative strength trading
Trends-trend-lines, join-lower highs=down, higher lows=up
Trading-movement/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: users-liquidated long/investors-accumulated long
Trends: prices-downward+open interest-down/less+supply-up/less
Trading: HIGHER/GAINING MOMENTUM+SHORT COVERING+SELLING@TREND AS RESISTANCE
PROJECTIONS: 419-392-382-373-359-347 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: users-liquidated long/investors-accumulated long
Trends: PRICES-UPWARD-+OPEN INTEREST-DOWN+SUPPLY-PROJECTED/UP-LESS
Trading: higher/losing strength+net accumulation+resistance@1034
Projections: 955-999-1034-1060-1112-1165 =WEAK BULLISH
WHEAT- 35 cent daily limit
Net positions:users-covered short/investors-sold short
Trends: prices-downward+open interest-down+supply-projected/up
Trading: higher/GAINED STRENGTH+BUYING BOTH SIDES+SELLING@TREND AS RESISTANCE
Projections: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: USERS-ACCUMULATED LONG/INVESTORS-SOLD SHORT
Trends: prices-upward+open interest-up/flat+volume-flat
Trading: LOWER-FLAT HIGH/LESS STRENGTH+BALANCED SELLING+BUYING@TREND AS SUPPORT
Projections: 7808-8090-8316-8485-8823-9161 =LESS BULLISH
HEATING OIL- 25 cent daily limit
Net positions: users-liquidated long/investors-covered short
Trends: prices-upward/less+open interest-down
Trading: HIGHER/GAINING MOMENTUM+LONG ACCUMULATION+BROKE PREVIOUS HIGH+TREND
Projections: 159-187-214-232-269-305 =BULLISH
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.
Saturday, February 28, 2015
Thursday, February 26, 2015
FARM COMMODITY SETTLEMENTS-CME FEB26/2015 THURSDAY
Markets-price supply/demand during relative strength trading
Trends-trend-lines, join-lower highs=down, higher lows=up
Trading-movement/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-bought long/non commercials-sold long
Trends: prices-down/flat+open interest-down/more+supply-up/less
Trading: UP/STEADY+NET BUYING@LAST LOW+IN NARROW HIGH/LOW RANGE-BALANCE
PROJECTIONS: 419-392-382-373-359-347 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold-long/non-commercials-covered short
Trends: PRICES-UP/LESS-+OPEN INTEREST-DOWN+SUPPLY-PROJECTED/UP-LESS
Trading: up/steady+net buying+meeting resistance@1034+trend-line
Projections: 955-999-1034-1060-1112-1165 =WEAK BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-sold long/non commercials-sold short
Trends: prices-down+open interest-down+supply-projected/up
Trading: down/STEADY+BALANCED BUYING+APPROACHING 478 END OF MOVE SUPPORT
Projections: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: COMMERCIALS-SOLD LONG/NON COMMERCIALS-SOLD LONG
Trends: prices-up/flat+open interest-up/flat+volume-flat
Trading: FLAT/STEADY+NET SELLING+DOUBLE RESISTANCE AT OLD HIGH AND AT 8090
Projections: 7808-8090-8316-8485-8823-9161 =LESS BULLISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-sold short/non commercials-covered short
Trends: prices-up/less+open interest-down
Trading: UP/GAINING MOMENTUM+SELLING+RESISTANCE AT PREVIOUS HIGH PREVAILED
Projections: 159-187-214-232-269-305 =LESS BULLISH
Markets-price supply/demand during relative strength trading
Trends-trend-lines, join-lower highs=down, higher lows=up
Trading-movement/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-bought long/non commercials-sold long
Trends: prices-down/flat+open interest-down/more+supply-up/less
Trading: UP/STEADY+NET BUYING@LAST LOW+IN NARROW HIGH/LOW RANGE-BALANCE
PROJECTIONS: 419-392-382-373-359-347 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold-long/non-commercials-covered short
Trends: PRICES-UP/LESS-+OPEN INTEREST-DOWN+SUPPLY-PROJECTED/UP-LESS
Trading: up/steady+net buying+meeting resistance@1034+trend-line
Projections: 955-999-1034-1060-1112-1165 =WEAK BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-sold long/non commercials-sold short
Trends: prices-down+open interest-down+supply-projected/up
Trading: down/STEADY+BALANCED BUYING+APPROACHING 478 END OF MOVE SUPPORT
Projections: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: COMMERCIALS-SOLD LONG/NON COMMERCIALS-SOLD LONG
Trends: prices-up/flat+open interest-up/flat+volume-flat
Trading: FLAT/STEADY+NET SELLING+DOUBLE RESISTANCE AT OLD HIGH AND AT 8090
Projections: 7808-8090-8316-8485-8823-9161 =LESS BULLISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-sold short/non commercials-covered short
Trends: prices-up/less+open interest-down
Trading: UP/GAINING MOMENTUM+SELLING+RESISTANCE AT PREVIOUS HIGH PREVAILED
Projections: 159-187-214-232-269-305 =LESS BULLISH
Wednesday, February 25, 2015
FARM COMMODITY SETTLEMENTS-CME FEB25/2015 WEDNESDAY
Markets-price supply/demand during relative strength trading
Trends-trend-lines, join-lower highs=down, higher lows=up
Trading-movement/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-bought long/non commercials-sold long
Trends: prices-down/less+open interest-down/less+supply-up/less
Trading: DOWN/GAINING MOMENTUM+BUYING@382 SOPPORT+FOLOWING TREND-AS RESISTANCE
PROJECTIONS: 419-392-382-373-359-347 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold-long/non-commercials-covered short
Trends: PRICES-UP/LESS-+OPEN INTEREST-DOWN+SUPPLY-PROJECTED/UP-LESS
Trading: flat/lost momentum+net selling+struggling to stay on trend
Projections: 955-999-1034-1060-1112-1165 =WEAK BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-sold long/non commercials-sold short
Trends: prices-down+open interest-down+supply-projected/up
Trading: down/steady+selling+pulling away from trend resistance
Projections: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: COMMERCIALS-SOLD LONG/NON COMMERCIALS-SOLD LONG
Trends: pricesl-up+open interest-up/more+volume-flat
Trading: UP/LESS MOMENTUM+NET BUYING+APPROACHING RESISTANCE@8090 LEVEL
Projections: 7808-8090-8316-8485-8823-9161 =LESS BULLISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-sold short/non commercials-covered short
Trends: prices-up/less+open interest-down
Trading: REVERSAL SIGNAL INDICATING TREND TO CONTINUE, BUYING+CLOSED ABOVE RESISTANCE
Projections: 159-187-214-232-269-305 =BULLISH
Markets-price supply/demand during relative strength trading
Trends-trend-lines, join-lower highs=down, higher lows=up
Trading-movement/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-bought long/non commercials-sold long
Trends: prices-down/less+open interest-down/less+supply-up/less
Trading: DOWN/GAINING MOMENTUM+BUYING@382 SOPPORT+FOLOWING TREND-AS RESISTANCE
PROJECTIONS: 419-392-382-373-359-347 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold-long/non-commercials-covered short
Trends: PRICES-UP/LESS-+OPEN INTEREST-DOWN+SUPPLY-PROJECTED/UP-LESS
Trading: flat/lost momentum+net selling+struggling to stay on trend
Projections: 955-999-1034-1060-1112-1165 =WEAK BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-sold long/non commercials-sold short
Trends: prices-down+open interest-down+supply-projected/up
Trading: down/steady+selling+pulling away from trend resistance
Projections: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: COMMERCIALS-SOLD LONG/NON COMMERCIALS-SOLD LONG
Trends: pricesl-up+open interest-up/more+volume-flat
Trading: UP/LESS MOMENTUM+NET BUYING+APPROACHING RESISTANCE@8090 LEVEL
Projections: 7808-8090-8316-8485-8823-9161 =LESS BULLISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-sold short/non commercials-covered short
Trends: prices-up/less+open interest-down
Trading: REVERSAL SIGNAL INDICATING TREND TO CONTINUE, BUYING+CLOSED ABOVE RESISTANCE
Projections: 159-187-214-232-269-305 =BULLISH
Tuesday, February 24, 2015
FARM COMMODITY SETTLEMENTS-CME FEB24/2015 TUESDAY
Markets-price supply/demand during relative strength trading
Trends-trend-lines, join-lower highs=down, higher lows=up
Trading-movement/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-bought long/non commercials-sold long
Trends: prices-down/less+open interest-down/more+supply-up/less
Trading: FLAT/NONE+NET SELLING+HUGE VOLUME IN A NARROW RANGE-ABOVE SUPPORT@382
PROJECTIONS: 419-392-382-373-359-347 =NEUTRAL
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold-long/non-commercials-covered short
Trends: PRICES-UP-+OPEN INTEREST-DOWN+SUPPLY-PROJECTED/UP-LESS
Trading: up/gained+net buying+closed below high@trend-line support
Projections: 955-999-1034-1060-1112-1165 =WEAK BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-sold long/non commercials-sold short
Trends: prices-down/less+open interest-down+supply-projected/up
Trading: flat/losing+offset selling+resistance@511 prevailing
Projections: 677-606-598-558-553-511-478 =NEUTRAL
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: COMMERCIALS-SOLD LONG/NON COMMERCIALS-SOLD LONG
Trends: pricesl-up+open interest-up+volume-up
Trading: UP/GAINED+NET BUYING+SIGNALLED A REVERSAL UP TO RESISTANCE@TREND-LINE
Projections: 7808-8090-8316-8485-8823-9161 =BULLISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-sold short/non commercials-covered short
Trends: prices-up/less+open interest-down
Trading: DOWN/LOST+NET SELLING TO SUPPORT@FIRST REVISED TO LOWER/TREND-LINE UP
Projections: 159-187-214-232-269-305 =TEST OF BULLISH
Markets-price supply/demand during relative strength trading
Trends-trend-lines, join-lower highs=down, higher lows=up
Trading-movement/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-bought long/non commercials-sold long
Trends: prices-down/less+open interest-down/more+supply-up/less
Trading: FLAT/NONE+NET SELLING+HUGE VOLUME IN A NARROW RANGE-ABOVE SUPPORT@382
PROJECTIONS: 419-392-382-373-359-347 =NEUTRAL
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold-long/non-commercials-covered short
Trends: PRICES-UP-+OPEN INTEREST-DOWN+SUPPLY-PROJECTED/UP-LESS
Trading: up/gained+net buying+closed below high@trend-line support
Projections: 955-999-1034-1060-1112-1165 =WEAK BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-sold long/non commercials-sold short
Trends: prices-down/less+open interest-down+supply-projected/up
Trading: flat/losing+offset selling+resistance@511 prevailing
Projections: 677-606-598-558-553-511-478 =NEUTRAL
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: COMMERCIALS-SOLD LONG/NON COMMERCIALS-SOLD LONG
Trends: pricesl-up+open interest-up+volume-up
Trading: UP/GAINED+NET BUYING+SIGNALLED A REVERSAL UP TO RESISTANCE@TREND-LINE
Projections: 7808-8090-8316-8485-8823-9161 =BULLISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-sold short/non commercials-covered short
Trends: prices-up/less+open interest-down
Trading: DOWN/LOST+NET SELLING TO SUPPORT@FIRST REVISED TO LOWER/TREND-LINE UP
Projections: 159-187-214-232-269-305 =TEST OF BULLISH
Monday, February 23, 2015
FARM COMMODITY SETTLEMENTS-CME FEB23/2015 MONDAY
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-bought long/non commercials-sold long
Trends: channel-down/less+open interest-down/more+supply-up/less
Trading: DOWNWARD/SAME MOMENTUM+SELLING+DOUBLE RESISTANCE PREVAILED+SUPPORT@382
PROJECTIONS: 419-392-382-373-359-347 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold-long/non-commercials-covered short
Trends: CHANNEL-DOWN-+OPEN INTEREST-DOWN+SUPPLY-PROJECTED/UP-LESS
Trading: down/acceleration+offset+resistance mid trend prevailed
Projections: 1059-1016-999-984-959-939 =TESTING BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-sold long/non commercials-sold short
Trends: channel-down/less+open interest-down+supply-projected/up
Trading: down/deceleration+net selling+through 511 support
Projections: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: COMMERCIALS-SOLD LONG/NON COMMERCIALS-SOLD LONG
Trends: channel-upward+open interest-up+volume-steady
Trading: DOWNWARD-/DECELERATION+NET SELLING+BUYING @TREND SUPPORT
Projections: 7808-8090-8316-8485-8823-9161 =TESTING BULLISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-sold short/non commercials-covered short
Trends: channel-upward/less+open interest-down
Trading: FLAT/LOSING MOMENTUM+NET SELLING+RESISTANCE@OLD HI9GH PREVAILING
Projections: 159-187-214-232-269-305 =TESTING BULLISH
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-bought long/non commercials-sold long
Trends: channel-down/less+open interest-down/more+supply-up/less
Trading: DOWNWARD/SAME MOMENTUM+SELLING+DOUBLE RESISTANCE PREVAILED+SUPPORT@382
PROJECTIONS: 419-392-382-373-359-347 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold-long/non-commercials-covered short
Trends: CHANNEL-DOWN-+OPEN INTEREST-DOWN+SUPPLY-PROJECTED/UP-LESS
Trading: down/acceleration+offset+resistance mid trend prevailed
Projections: 1059-1016-999-984-959-939 =TESTING BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-sold long/non commercials-sold short
Trends: channel-down/less+open interest-down+supply-projected/up
Trading: down/deceleration+net selling+through 511 support
Projections: 677-606-598-558-553-511-478 =BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: COMMERCIALS-SOLD LONG/NON COMMERCIALS-SOLD LONG
Trends: channel-upward+open interest-up+volume-steady
Trading: DOWNWARD-/DECELERATION+NET SELLING+BUYING @TREND SUPPORT
Projections: 7808-8090-8316-8485-8823-9161 =TESTING BULLISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-sold short/non commercials-covered short
Trends: channel-upward/less+open interest-down
Trading: FLAT/LOSING MOMENTUM+NET SELLING+RESISTANCE@OLD HI9GH PREVAILING
Projections: 159-187-214-232-269-305 =TESTING BULLISH