COMMODITY SETTLEMENTS-CME NOV 5/2014
Markets-price supply/demand during relative strength tradingTrends-long term-downward-lower highs, upward-higher lows
Trading-move+activity+momentum+prevailing strength
Targets-projected length of move
CORN- NEW/25 cent daily trading limit, premium to back months
Net commitments: Commercials-sold short, investors-covered short
Trends: prices-upward open interest-higher volume-high supply-up
Trading: down-day/4, net buying-acceleration @trend as support
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, volume-moderate, supply-up
Trading: down/day4, net buying-support@trend and 993 prevailed
Targets: 993-1023-1082-1142 =TEST OF SUPPORT
WHEAT- NEW/35 cent daily trading limit, premium to back months
Net commitments: commercials-sold short, investors-covered short
Trends: prices-downward, open interest-flat, volume-high, supply-up
Trading: down/day4, net selling-acceleration, making a new low
Targets: 514-506-494-483 =BEARISH
CANADIAN DOLLAR- no daily trading limit
Net commitments: institutions-sold long, investors-bought long
Trends: prices-downward, open interest-lower, volume-low
Trading: down-day/5, offset buying-acceleration near end of move
Targets: 9076-9033-8962-8820-8678 =WEAK SUPPORT
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: down-day/5, offset selling-accelerated-support at old lows
Targets: 279-269-252-239 =LESS BEARISH
COMMENTS WELCOME
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