COMMODITY SETTLEMENTS-CME NOV 17/2014
Markets-price supply/demand during relative strength trading
Trends-long term-down-lower highs, up-higher lows
Trading-range movement/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit, futures @ premium mar/15 - july/16
Net commitments: users-sold short+sold long, funds-short covered
Trends: higher lows, higher open interest, lower volume, supply-up
Trading: range-flat/moderate+selling+support @ trend prevailed
Targets: 371-388-423-452 =VIRTUALLY BULLISH
SOYBEANS- 70 cent daily limit, futures @ premium mar/15 - aug/15
Net commitments: users-sold short funds-short covered
Trends: higher lows, higher open interest, lower volume, supply-up
Trading: range down/moderate+buying+@support-awaiting next low
Targets: 993-1023-1082-1142 =LESS BULLISH
WHEAT- 35 cent daily limit, futures @ premium may/15 - may/16
Net commitments: users sold long+covered short, funds-sold long
Trends: higher lows, higher open interest, lower volume, supply-up
Trading range-up/moderate+selling+resistance @ trend prevailed
Targets: 545-571-622-673 =TEST OF BULLISH
CANADIAN DOLLAR- no daily limit, futures@discount jan/15-apr/15
Net commitments: users-accumulated long, funds: sold short
Trends: lower high, lower open interest, lower volume
Trading: range-flat/narrow+selling+lower high, a pause
Targets: 8990-9015-9167-9319-9365 =BULLiSH
HEATING OIL- 25 cent daily limit, futures@discount jan/15-apr/15
Net commitments: users-sold long, funds-accumulated long
Trends: lower highs, lower open interest, lower volume
Trading range-flat/narrow+selling+testing resistance@242
Targets: 266-260-252-242 =TEST OF BULLISH
COMMENTS WELCOME
Monday, November 17, 2014
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