Wednesday, April 15, 2015

FARM COMMODITY SETTLEMENTS-CME APR 15/2015 WEDNESDAY
Markets-price supply/demand during relative strength trading
Trends: monthly, direction-lower/lower highs, higher/higher lows
Trading: weekly, move/momentum+activity+prevailing strength
Targets: projected price objectives of both moves and trend
CORN- 25 cent daily limit
Positions/net: users-covered-short/investors-sold-out long
Trends: prices/lower+open interest/new yearly high+15/16 supply/up
Trading: UP/ACCELERATED-NET BUYING+NEAR RESISTANCE+LACK OF VOLATILITY
TARGETS: 419-392-382-373-359-347                             =LESS BEARISH                               
SOYBEANS- 70 cent daily limit
Positions/net: users-sold short/investors+others-covered short
Trends: PRICES/LOWER+OPEN INTEREST/UP+PROJECTED SUPPLY/VIRTUALLY UNCHANGED
Trading:  UP/ACCELERATING-CLOSED NEAR LOW OF DAY AND ABOVE SUPPORT @959
Targets: 1087-1014-985-959-917-883                  =LESS BEARISH
WHEAT- 35 cent daily limit
Positions/net: users-sold short/investors-bought long
Trends: prices/lower+open interest/up+projected supply/same
Trading: DOWN/ACCELERATED+NET SELLING+HEADING FOR SUPPORT @LOW OF MOVE @478 
Targets: 677-606-598-558-553-511-478               =BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-SOLD SHORT/INVESTORS-COVERED SHORT
Trends: prices/lower+open interest/up+volume-flat
Trading: UP/ACCELERATED-BUYING+THROUGH-TESTING RESISTANCE @PREVIOUS HIGHS
Targets: 7781-8049-8250-8406-8719-9031           =BULLISH SIGNAL  
HEATING OIL- 25 cent daily limit
Positions/net: users-covered short/investors-sold short
Trends: prices/lower+open interest/turning up
Trading: UP/ACCELERATING-BUYING-THROUGH RESISTANCE @PREVIOUS HIGH
Targets: 307-264-247-232-207-186-156               =BULLISH

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