Wednesday, February 11, 2015

FARM COMMODITY SETTLEMENTS-CME FEB11/2015 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-bought long/non commercials-sold short
Trends: channel-down+open interest-up+supply-projected/up
Trading: DOWN/DECELERATION+SELLING+UNABLE MAKE HIGHER HIGH+WORKING MAKE NEXT LOW
PROJECTIONS: 419-392-382-373-359-347                                =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold short/non-commercials-bought long
Trends: CHANNEL-D0WN-MODERATE+OPEN INTEREST-UP+SUPPLY--PROJECTED/UP/-LESS
Trading: FLAT/DECELERATION+MIXED+UNABLE MAKE HIGHER HIGH+DRIFTING
Projections: 1087-1014-985-959-917-883               =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-bought long/non commercials-sold short
Trends: channel-down/less+open interest-flat+supply-projected/up
Trading: DOWN/DECELERATION+MIXED+UNABLE MAKE HIGHER HIGH MAKING ROUNDED HIGH
Projections: 677-606-598-558-553-511-478             =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-BOUGHT LONG/NON COMMERCIALS-SOLD LONG
Trends: channel-down+open interest-up+volume-down
Trading: DOWN/DECELERATION+SELLING+UNABLE MAKE HIGHER HIGH+WORKING NEXT LOW 
Projections: 8931-8545-8391-8256-8030-7850         =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-covered/non commercials sold short
Trends: channel-down/less so+open interest-up
Trading: DOWN/ACCELERATION+SELLING+UNABLE MAKE HIGHER HIGH+WORKING NEXT LOW
Projections: 307-250-227-207-174-164                    =BEARISH

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