Thursday, October 30, 2014

SETTLEMENTS-CME THURSDAY OCTOBER 30 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-higher, volume-high, supply-up
Trading: up-day/3, overbot resistance@371 prevails, net selling, lost
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-mod, supply-up
Trading: up-day/8, overbot resistance@1023 prevailed, selling, lost
Targets: 993-1023-1082-1142                       =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-low, supply-up
Trading: up-day/3, close above trend, net selling, lost
Targets: 545-571-622-673                            =BULLISH
CANADIAN DOLLAR- no daily trading limit
Commitments Report: users-bought long, investors-sold long
Trends: prices-upward, open interest-lower, volume-low
Trading: flat-day/1, resistance@8934-prevailed, net selling, lost
Targets: 8934-8955-8999-9042                     =LESS BULLISH
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-flat, volume-low
Trading: flat-day/2, resistance@252 prevailed, selling, gained
Targets: 279-269-252-239                            =LESS BULLISH
COMMENTS WELCOME

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