Saturday, March 21, 2015

FARM COMMODITY SETTLEMENTS-CME MAR 20/2015 FRIDAY
Markets-price supply/demand during relative strength trading
Trends: direction-lower=lower highs, higher=higher lows
Trading: move/momentum+activity+prevailing strength
Targets: projected price objectives of both moves and trend
CORN- 25 cent daily limit
Positions: users-accumulated net long/investors-net short
Trends: highs-lower+open interest-up+supply-down
Trading: HIGHER/ACCELERATED+SHORT COVERING-LIQUIDATION-THROUGH RESISTANCE
TARGETS: 419-392-382-373-359-347                                =BEARISH                               
SOYBEANS- 70 cent daily limit
Positions: users-accumulated net long/investors-sold net short
Trends: HIGHS-LOWER-+OPEN INTEREST-UP+SUPPLY-UP
Trading: FLAT/DECELERATED+NET BUYING+THROUGH 959-@MINOR RESISTANCE
Targets: 1087-1014-985-959-917-883                  =LESS BEARISH
WHEAT- 35 cent daily limit
Positions: users-sold net long/investors-accumulated net long
Trends: higher lows+open interest-flat+supply-un
Trading: up/accelerated+buying+through/above resistance
Targets: 677-606-598-558-553-511-478               =BULLISH
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS: USERS-SOLD NET SHOERT/INVESTORS-COVERED NET SHORT
Trends: highs-lower+open interest-down+volume-higher
Trading: FLAT/DECELERATED+BUYING+THROUGH+WORKING TO CONFIRM NEW HIGH
Targets: 7808-8090-8316-8485-8823-9161          =LESS BEARISH   
HEATING OIL- 25 cent daily limit
Positions: users-covered net short/investors-sold net long
Trends: highs-lower+open interest-down
Trading: lower/accelerated+offset+testing of trend as resistance
Targets: 307-264-247-232-207-186-156               =BEARISH

No comments:

Google+