FARM COMMODITY SETTLEMENTS-CME FEB20/2015 FRIDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-move in channel/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-bought long/non commercials-sold long
Trends: channel-down/less+open interest-down+supply-up/less
Trading: UPWARD-FLAT/NO ACCELERATION+MIXED+RESISTANCE@392+@RESISTANCE@OLD HIGH
PROJECTIONS: 419-392-382-373-359-347 =BEARISH
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold-long/non-commercials-covered short
Trends: CHANNEL-UP-+OPEN INTEREST-DOWN+SUPPLY-PROJECTED/UP-LESS
Trading: flat/deceleration+mixed+resistance@old high prevailing
Projections: 955-999-1034-1060-1112-1165 =TESTING BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-sold long/non commercials-sold short
Trends: channel-down/less+open interest-flat+supply-projected/up
Trading: down/acceleration+net selling+testing support@last low
Projections: 677-606-598-558-553-511-478 =TESTING BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: COMMERCIALS-SOLD LONG/NON COMMERCIALS-SOLD LONG
Trends: channel-upward+open interest-down+volume-steady
Trading: DOWNWARD-FLAT/ACCELERATION+NET SELLING+POSSIBLE NEW HIGHER LOW
Projections: 7808-8090-8316-8485-8823-9161 =BULLISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-sold short/non commercials-covered short
Trends: channel-upward/less+open interest-up
Trading: UPWARD/DECELERATION+NET BUYING=FROM NEW HIGHER LOW+TESTING 187 RESISTANCE
Projections: 159-187-214-232-269-306 =TESTING BULLISH
Sunday, February 22, 2015
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