Wednesday, September 24, 2014



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+momentum+prevailing strengths
targets-projected length of move
CORN- 35 cent daily trading limit
net open: end-user-less long, investor-more long, other-more
trends: prices down, open interest-up, supply projected-up more
traded: lower, net selling, same, penetrated-closed below 328
targets: 406-377-328-290                          =bearish
SOYBEANS- 1.00 dollar daily trading limit
trends: prices-down, open interest-up, supply projected-up more so
traded: lower, offset selling, slowed, penetrated closed@936
targets: 1073-1022-976-936-867                 =bearish
WHEAT- 45 cent daily trading limit
trends: prices lower, open interest-up, supply projected-up more so
traded: flat, offset buying, slowed, below price trend as resistance
targets: 547-497-415-349                            =bearish
CANADIAN DOLLAR- no daily trading limit
trends: prices-lower, open interest-down@historic low
traded: lower, net selling, slowed, penetrated-closed below 9040
targets: 9140-9088-9040-8974                      =bearish
HEATING OIL- 25 cent daily trading limit
trends: prices lower, open interest-up
traded: lower, net selling, slowed, below trend resistance/above 267
targets: 288-280-267-257                              =bearish
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