Friday, October 24, 2014

SETTLEMENTS-CME-FRIDAY OCTOBER 24 2014

Markets-price supply/demand during relative strength trading
Trends-long term-downward-lower highs, upward-higher lows
Trading-move+prevailing strengths+activity+momentum
Targets-projected length of move
CORN- 35 cent daily trading limit, premium to back months
Commitments report: users-sold short, investors-covered short
Trends: prices-upward, open interest-lower, volume-up, supply-up
Trading: flat-day/9, resistance@highs-holding, net selling, gained
Targets: 371-388-423-452                            =TEST OF SUPPORT
SOYBEANS- 1 dollar daily trading limit, premium to back months
Commitments report: users--sold long, investors-bought long
Trends: prices-upward, open interest-lower, volume-up, supply-up
Trading: up-day/4, resistance@988 holding, net selling, lost
Targets: 946-960-988-1016                          =LESS BULLISH
WHEAT- 45 cent daily trading limit,premium to back months
Commitments report: users-sold short, investors-covered short
Trends: prices-upward, open interest-flat, volume-up, supply-up
Trading: up-day/4, near reversal, net selling, gained
Targets: 545-571-622-673                            =BEARISH SIGNAL
CANADIAN DOLLAR- no daily trading limit
Commitments Report: users-bought long, investors-sold long
Trends: prices-downward, open interest-lower, volume-up
Trading: flat-day/3, resistance@8902-holding, offset selling, lost
Targets: 9076-9030-8959-8902-8820             =NEUTRAL
HEATING OIL- 25 cent daily trading limit, mostly flat to back months
Commitments report: users-bought long, investors sold short
Trends: prices-downward/less, open interest-lower, volume-down
Trading: flat-day/6, drifting lower-churning, net selling, lost
Targets: 279-269-252-239                            =BULLISH POTENTIAL
COMMENTS WELCOME
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