Tuesday, April 21, 2015

FARM COMMODITY SETTLEMENTS-CME APR 21/2015 TUESDAY
Markets-price supply/demand during relative strength trading
Trends: in hi/lo channels, 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-bought long/investors-sold short
Trends: prices/down+open interest/down+volume/up+supply/up
Trading: DOWN/DECELERATING+SELLING+RESISTANCE AT HIGH PREVAILED+NEW LOWER/HIGH  
TARGETS: 419-392-382-373-359-347                                   =BEARISH                               
SOYBEANS- 70 cent daily limit
Positions/net: users-bought long/investors+sold short
Trends: PRICES/DOWN+OPEN INTEREST/DOWN+VOLUME/DOWM+SUPPLY/UNCHANGED
Trading:  FLAT/DECELERATED+MIXED+RESISTANCE MID CHANNEL PREVAILED+NEW LOWER/HIGH
Targets: 1087-1014-985-959-917-883                  =BEARISH
WHEAT- 35 cent daily limit
Positions/net: users-bought long/investors-sold short
Trends: prices/down+open interest/down+volume/down+supply/(=)
Trading: UP/DECELERATED+OFFSET+WEAK TEST OF MAJOR RESISTANCE AT CHANNEL HIGH 
Targets: 677-606-598-558-553-511-478               =BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-SOLD SHORT/INVESTORS-SOLD SHORT-VIRTUALLY NO CHANGE
Trends: prices/down+open interest/up+volume-down
Trading: DOWN/ACCELERATED-SELLING+RESISTANCE @CHANNEL HIGH PREVAILED
Targets: 8931-8545-8391-8256-8030-7850           =BEARISH  
HEATING OIL- 25 cent daily limit
Positions/net: users-covered short/investors-bought long
Trends: prices/down+open interest/down+volume/down
Trading: DOWN/DECELERATING-SELLING+RESISTANCE AT CHANNEL HIGH PREVAILED
Targets: 307-264-247-232-207-186-156                =BEARISH

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