Friday, October 17, 2014

SETTLEMENTS-CME 2014 OCTOBER 17 FRIDAY

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-more long, other-more short
trends: prices-UP, open interest-DOWN, supply-UP/MORE
trading: FLAT-day/4, flat lows, net selling, same 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-UP, supply-UP/MORE
trading: UP-day/4, 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-more short
trends: prices-DOWN, open interest-DOWN, supply-UP/LESS
trading: UP-day/6, resistance@trend, net selling, lost 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-DOWN
trading: UP-day/1, @resistance@8902, offset selling, lost momentum
targets: 9076-9030-8959-8902-8820               =LESS BULLISH
HEATING OIL- 25 cent daily trading limit, mostly flat to back months
NET positions: user-more long, investor-more short. other-long
trends: prices-DOWN, open interest-UP
traded: FLAT-DAY/1, @double resistance, net buying, lost momentum
targets: 279-269-252-239                               =BEARISH

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