Wednesday, October 01, 2014



SETTLEMENTS-CME 2014 OCTOBER 1 WEDNESDAY
Markets-price supply/demand during 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/LESS SO, open interest-UP, supply-UP
trading: DOWN, offset buying, lost momentum, slow thru 328 support
targets: 406-377-328-290                          =less 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, net buying, lost momentum, working make low@914
targets: 1019-1002-972-949-914                 =less bearish
WHEAT- 45 cent daily trading limit
net positions: user-more long, investor-more short, other-less short
trends: prices-FLAT, open interest-UP, supply-UP
trading: FLAT, offset buying, lost momentum, consolidation
targets: 547-497-415-349                           =neutral
CANADIAN DOLLAR- no daily trading limit
net positions:  user-more long, investor-less long, other-less short
trends: prices-DOWN, open interest-UP
trading: FLAT, net buying, lost momentum, working make low@8902
targets: 9076-9030-8959-8902                     =less bearish
HEATING OIL- 25 cent daily trading limit
net positions: user-more long, investor-more short. other-more short
trends: prices-DOWN, open interest-UP
trading: FLAT, offset selling, lost momentum, testing support@367
targets: 288-280-267-257                             =less bearish
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