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

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