FARM COMMODITY SETTLEMENTS-CME APR 10/2015 FRIDAY
Markets-price supply/demand during relative strength trading
Trends: monthly, direction-lower/highs lower, higher/lows higher
Trading: weekly, move/momentum+activity+prevailing strength
Targets: projected price objectives of both moves and trend
CORN- 25 cent daily limit
Positions/net: users-covered-short/investors-sold-out long
Trends: prices lower+open interest-turned down+projected supply-up
Trading: LOWER/ACCELERATING-FLAT OFFSET+SUPPORT@373 AND PREVIOS LOW
TARGETS: 419-392-382-373-359-347 =BEARISH
SOYBEANS- 70 cent daily limit
Positions/net: users-sold short/investors+others-covered short
Trends: PRICES LOWER+OPEN INTEREST UP+PROJECTED SUPPLY-VIRTUALLY UNCHANGED
Trading: LOWER/DECELERATING-NET SELLING-THROUGH SUPPORT @959 ALSO OLD LOWS
Targets: 1087-1014-985-959-917-883 =BEARISH
WHEAT- 35 cent daily limit
Positions/net: users-sold short/investors-bought long
Trends: prices lower+open interest-turned lower+14/15 supply-same
Trading: HIGHER/CONSISTENT+MIXED+TESTING RESISTANCE-UNABLE CONFIRM THROUGH
Targets: 677-606-598-558-553-511-478 =LESS BULLISH
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-SOLD SHORT/INVESTORS-COVERED SHORT
Trends: prices-lower+open interest-turned flat+volume-mixed
Trading: LOWER/DECELERATING-OFFSET BUYING+TEST OF SUPPORT AT TREND
Targets: 7808-8090-8316-8485-8823-9161 =BEARISH
HEATING OIL- 25 cent daily limit
Positions/net: users-covered short/investors-sold short
Trends: prices-lower+open interest-turned lower
Trading: HIGHER/DECELERATING-NET BUYING-UNABLE MAKE NEW HIGHS
Targets: 307-264-247-232-207-186-156 =LESS BULLISH
Sunday, April 12, 2015
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