Thursday, October 23, 2014

SETTLEMENTS-CME-2014 OCTOBER 23 THURSDAY

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: UP/FLAT-day/3, @resistance, net buying, lost momentum
Targets: 371-388-423-452                           =LESS BULLISH
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/3, test/resistance@988, net buying, momentum
Targets: 946-960-988-1016                          =BULLISH COVERING
WHEAT- 45 cent daily trading limit,premium to back months
NET positions: user-less long, investor-less short, other-more short
Trends: prices-UP, open interest-UP, supply-UP/LESS
Trading: UP-day/3, above trend-overbought, net buying, momentum
Targets: 545-571-622-673                            =BULLISH
CANADIAN DOLLAR- no daily trading limit
NET positions: user-more long, investor-more short, other: more short
Trends: prices-DOWN, open interest-FLAT
Trading: FLAT-day/2, test/resistance@8902, offset, lost momentum
Targets: 9076-9030-8959-8902-8820             =NEUTRAL
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-DOWN
Trading: FLAT-day/5, drifting lower-churning, net trading, momentum
Targets: 279-269-252-239                            =BULLISH POTENTIAL
COMMENTS WELCOME
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