COMMODITY SETTLEMENTS-CME DEC 3/2014 WEDNESDAY
Markets-price supply/demand during relative strength trading
Trends-major (long term), down-lower highs, up-higher lows
Trading-(range)+direction/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit, futures @ premium mar/15 - july/16
Net positions: commercials-more short/non commercials-more long
Trends: price-up/less, open interest-new low, volume-low, supply-up
Trading: down/CHANGE IN OPEN INTEREST/VOLUME NECESSARY TO LIFT PRICES
Targets: 371-388-423-452 =WEAK BULLISH
SOYBEANS- 70 cent daily limit, futures @ premium mar/15 - aug/15
Net positions: commercials-more long, non-commercials-same long
Trends: PRICE-DOWN, OPEN INTEREST- VIRTUALLY FLAT, VOLUME-LOW, SUPPLY-UP
Trading: DOWN/EVIDENCE OF BUYING@MINOR TREND BUT NO REAL FORCE TO MAKE CHANGE
Targets: 985-959-917-853 =BEARISH
WHEAT- 35 cent daily limit, futures @ premium may/15 - may/16
Net positions: commercials-less long, non commercials-less short
Trends: price-up, open interest-flat, volume-down, supply-up
Trading: down/toward projected 3rd higher low@trend support
Targets: 545-571-622-673 =CAUTIOUS BULLISH
CANADIAN DOLLAR- no daily limit, futures@discount jan/15-apr/15
NET POSITIONS: COMMERCIALS-LESS LONG, NON COMMERCIALS-LESS SHORT
Trends: price/down, open interest-down, volume-down
Trading: FLAT BETWEEN 2 FLAT LOWS AND RESISTANCE @ THE DESCENDING TREND
Targets: 9076-9033-8965-8820-8678 =CAUTIOUS BEARISH
HEATING OIL- 25 cent daily limit, futures@discount jan/15-APR/15
Net positions: commercials-more long, non commercials-less short
Trends: price-down, open interest-down, volume-down
Trading: down/following trend as support-oversold-needs force
Targets: 272-263-249-220-190 =LOOKS BEARISH
Wednesday, December 03, 2014
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