Monday, September 15, 2014

Farm Commodities-Trends+Trading+Targets

SETTLEMENTS-CME-2014 SEPTEMBER 23 TUESDAY
market-prices supply/demand with relative strength trading
trend: line joining highs with highs, lows with lows=direction 
trading-trend+action+prevailing strengths
targets-projected length of move
Corn- 35 cent daily trading limit
net open: end-user-less long, investor-more long, other-more long
trends: prices-down, open interest-up, supply-projected-up more
trading-lower+offset buying, decelerating, support@328-325
targets: 406-377-328-290                         =less bearish
Wheat- 45 cent daily trading limit
net open: user-more long, investor-more short, other-more short
trend: prices-down, open interest-up, supply=projected up more
trading-lower, offset buying, decelerating, downside of trend
targets, 547-497-415-349                         =bearish
Soybeans- 1.00 dollar daily trading limit
net open: user-more long, investor-more short, other-more short
trends: prices-down, open interest-up, supply-projected-up more
trading-lower-gap, selling, accelerating, daily trend near vertical
targets, 1073-1022-936-867-831 (short selling)=bearish             
Cdlr- no daily trading limit
net open: end-user-net long, investor-less long, other-more short
trends: prices-down, open interest-flat
trading-lower, net selling, acceleration, @9040 support
targets 8974-9040-9088-9140                    =bearish
Heating oil- 25 cent daily trading limit
net open: end-user net long, investor-net short, other-net long        
trends: prices down+open interest-up
trading-lower, selling, acceleration, on trend-closed below
targets 288-280-267-257                             =bearish
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