COMMODITY SETTLEMENTS-CME NOV 6/2014
Markets-price supply/demand during relative strength trading
Trends-long term-down-lower highs, up-higher lows
Trading-move+activity+momentum+prevailing strength
Targets-projected length of move
CORN- 25 cent daily trading limit, premium to back months
Net commitments: Commercials-sold short, investors-covered short
Trends: prices-up, open interest-higher, volume-high, supply-up
Trading: up-day/1-buying-less force-from higher low+resistance@371
Targets: 371-388-423-452 =BULLISH
SOYBEANS- NEW/70 cent daily trading limit, premium to back months
Net commitments: commercials-offset, investors-offset
Trends: prices-up, open interest-higher, vol-moderate, supply-up
Trading: up-day/1-net buying-more-force-from higher low-test@1023
Targets: 993-1023-1082-1142 =BULLISH
WHEAT- NEW/35 cent daily trading limit, premium to back months
Net commitments: commercials-sold short, investors-covered short
Trends: prices-up/less, open interest-flat, volume-high, supply-up
Trading: flat-day/1, net selling-less force-support @last low
Targets: 514-506-494-483 =LESS BEARISH
CANADIAN DOLLAR- no daily trading limit
Net commitments: institutions-sold long, investors-bought long
Trends: prices-down, open interest-lower, volume-moderate
Trading: flat-day/1, net selling-less force-support@ new low
Targets: 9076-9033-8962-8820-8678 =LESS BEARISH
HEATING OIL- 25 cent daily trading limit, mostly flat to back months
Net Commitments: commercials-bought long, investors-sold short
Trends: prices-flat consolidation, open interest-up, volume-moderate
Trading: flat-day/1, net buying-less force-support at old lows
Targets: 279-269-252-239 =NEUTRAL
COMMENTS WELCOME
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