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

No comments:

Google+