Wednesday, October 15, 2014



SETTLEMENTS-CME 2014 OCTOBER 15 WEDNESDAY

Markets-price supply/demand during relative strength trading
Trends-monthly=direction=down-lower highs, up-higher lows
Trading-weekly trend+prevailing strengths+activity+momentum
Targets-projected length of move
CORN- 35 cent daily trading limit, premium to back months
NET positions: user-less long, investor-less long, other-less short
trends: prices-UP, open interest-DOWN, supply-UP/MORE
tradIng: UP-day/2, resistance@old high, net selling, lost momentum
targets: 371-388-423-452                           =BEARISH SIGNAL
SOYBEANS- 1 dollar daily trading limit, premium to back months
NET positions: user-less long, investor-less short, other-less short
trends: prices-UP, open interest-DOWN, supply-UP/MORE
trading: UP-day/1, resistance@960, net selling, same momentum
targets: 946-960-988-1016                           =LESS BULLISH
WHEAT- 45 cent daily trading limit,premium to back months
NET positions: user-less long, investor-less short, other-short
trends: prices-DOWN/LESS, open interest-FLAT/UP, supply-UP/LESS
trading: UP-day/4-@trend resistance, net selling, gained momentum
targets: 547-497-415-349                              =TEST OF BULLISH
CANADIAN DOLLAR- no daily trading limit
NET positions: user-more long, investor-more short, other: more short
trends: prices-DOWN, open interest-UP
trading: DOWN-day/5, @major support, offset, gained momentum
targets: 9076-9030-8959-8902-8820                =BULLISH SIGNAL
HEATING OIL- 25 cent daily trading limit, mostly flat to back months
NET positions: user-more long, investor-more long. other-more short
trends: prices-DOWN, open interest-UP
traded: DOWN-DAY/3, thru 252 oversold, net selling, lost momentum
targets: 279-269-252-239                                 =BEARISH

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