Monday, October 27, 2014

SETTLEMENTS-CME-MONDAY OCTOBER 27 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-dn, supply-up
Trading: flat-day/10, test of resistance@highs, net buying, gained
Targets: 371-388-423-452                            =LESS BULLISH
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-dn, supply-up
Trading: up-day/5, reversal-resistance@988, net buying, gained
Targets: 946-960-988-1016                          =BULLISH
WHEAT- 45 cent daily trading limit,premium to back months
Commitments report: users-sold short, investors-covered short
Trends: prices-upward, open interest-up, volume-dn, supply-up
Trading: down-day/1, test of support@trend, net buying, lost
Targets: 545-571-622-673                            =LESS BULLISH
CANADIAN DOLLAR- no daily trading limit
Commitments Report: users-bought long, investors-sold long
Trends: prices-downward, open interest-lower, volume-down
Trading: flat-day/4, resistance@8902-holding, offset selling, lost
Targets: 9076-9030-8959-8902-8820             =BEARISH
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/7, drifting lower-churning, offset buying, same
Targets: 279-269-252-239                            =BULLISH POTENTIAL
COMMENTS WELCOME
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