Sunday, February 01, 2015


FARM COMMODITY SETTLEMENTS-CME JAN 30/2015 FRIDAY
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+open interest-up/more+supply-up/less
Trading: LOWER/DECELERATION+NET SELLING+CHANNEL LOW PASSES 359 IN 8 TRADING DAYS
PROJECTIONS: 419-392-382-373-359-347                               =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-more short
Trends: CHANNEL-D0WN/SECOND REVISED+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: DOWN/ACCELERATION+NET SELLING+PARALLEL TO NON COMS NET POSTION
Projections: 1087-1014-985-959-917-883                    =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-same long/non commercials-more short
Trends: channel-down+open interest-up/more+supply-up/more
Trading: LOWER/ACCELERATION+CHANNEL HIGH PASSES THROUGH 478 NEXT WEEK
Projections: 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/4th revised+open interest-down+volume-up
Trading: LOWER/ACCELERATION+NET SELLNG+BUYING BELOW/CLOSED ABOVE 7850 
Projections: 8931-8545-8391-8256-8030-7850             =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-less long/non commercials-less short
Trends: channel-down/third revised+open interest-up
Trading: UP/ACCELERATION+BROKE UP OUT OF CONSOLIDATION AT 164/AWAIT CONFIRMATION
Projections: 307-250-227-207-174-164                      =LESS BEARISH

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