Thursday, April 09, 2015

FARM COMMODITY SETTLEMENTS-CME APR 9/2015 THURSDAY
Markets-price supply/demand during relative strength trading
Trends: monthly, direction-lower/highs lower, higher/lows higher
Trading: weekly, move/momentum+activity+prevailing strength
Targets: projected price objectives of both moves and trend
CORN- 25 cent daily limit
Positions/net: users-sold short/investors-covered short
Trends: prices lower+open interest-up+projected supply-up
Trading: LOWER/DECELERATING-FLAT OFFSET+NEAR SUPPORT@373
TARGETS: 419-392-382-373-359-347                                 =BEARISH                               
SOYBEANS- 70 cent daily limit
Positions/net: users-bought long/investors-sold short
Trends: PRICES LOWER+OPEN INTEREST UP+PROJECTED SUPPLY-VIRTUALLY UNCHANGED
Trading:  LOWER/ACCELERATING-FULL SELLING-TEST OF SUPPORT @959 ALSO OLD LOWS 
Targets: 1087-1014-985-959-917-883                  =BEARISH
WHEAT- 35 cent daily limit
Positions/net: users-bought long/investors-sold long
Trends: prices flat highs+open interest-up+14/15 supply-same
Trading: HIGHER LOWS/DECELERATING+SELLING+DRIFTING=POSSIBLE LOW AT 511 
Targets: 677-606-598-558-553-511-478               =BULLISH SIGNAL
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-SOLD SHORT/INVESTORS-COVERED SHORT
Trends: prices-flat highs+open interest-higher+volume-mixed
Trading: LOWER/DECELERATED+NET SELLING-TOUCHED TREND-LINE AS SUPPORT
Targets: 7808-8090-8316-8485-8823-9161           =BEARISH   
HEATING OIL- 25 cent daily limit
Positions/net: users-covered short/investors-bought long
Trends: prices-lower highs+open interest-turned lower
Trading: HIGHER LOWS/DECELERATED-OFFSET SELLING-TREND SUPPORT 
Targets: 307-264-247-232-207-186-156               =LESS BULLISH

No comments:

Google+