Friday, September 26, 2014



SETTLEMENTS-CME 2014 SEPTEMBER 26 FRIDAY
market-prices supply/demand with relative strength trading
trend: line joining highs with highs, lows with lows=direction 
trading-trend+activity+momentum+prevailing strengths
targets-projected length of move
CORN- 35 cent daily trading limit
net positions: user-less long, investor-more long, other-more short
trends: prices DOWN, open interest-UP, supply-UP
trading: DOWN, net selling, momentum-DOWN, inside 328-290 range
targets: 406-377-328-290                          =bearish
SOYBEANS- 1.00 dollar daily trading limit
net positions: user-more long, investor-more short, other-more short
trends: prices-DOWN, open interest-UP, supply-UP
trading: DOWN, selling, momentum-DOWN, inside 936-867 range
targets: 1073-1022-976-936-867                 =bearish
WHEAT- 45 cent daily trading limit
net positions: user-more long, investor-more short, other-less short
trends: prices DOWN, open interest-UP, supply-UP
trading: DOWN, offset buying, momentum-DOWN, resistance@trend
targets: 547-497-415-349                           =bearish
CANADIAN DOLLAR- no daily trading limit
net positions:  user-more long, investor-less long, other-less short
trends: prices-DOWN, open interest-UP
trading: DOWN, net selling, momentum-UP, penetrated support@8959
targets: 9076-9030-8959-8902                     =bearish
HEATING OIL- 25 cent daily trading limit
net positions: user-more long, investor-more short. other-more short
trends: prices-DOWN, open interest-DOWN
trading: UP, offset buying, momentum-(=), drifting-penetrated trend
targets: 288-280-267-257                             =bearish
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