Monday, October 20, 2014

SETTLEMENTS-CME-2014 OCTOBER 20 MONDAY

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: DOWN-day/1, @trend support, offset buying, lost momentum
targets: 371-388-423-452                           =BULLISH 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: DOWN-day/1, support@trend, net selling, lost momentum
targets: 946-960-988-1016                         =WEAK 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-FLAT/DOWN, supply-UP/LESS
trading: DOWN-day/1, support@trend, offset buying, same 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: DOWN-day/1, lower high, offset selling, lost momentum
targets: 9076-9030-8959-8902-8820               =BEARISH
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/LESS, open interest-UP
traded: FLAT-DAY/2, trend support, net selling, gained momentum
targets: 279-269-252-239                               =LESS BEARISH

1 comment:

Unknown said...

Awesome information Big Pat! Thanks for sharing. :-)

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