Monday, October 06, 2014


SETTLEMENTS-CME 2014 OCTOBER 6 MONDAY

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-UP, open interest-UP, supply-UP
traded: UP, buying, gained momentum, @bottom for this move
targets: 406-377-328-290                           =bullish
SOYBEANS- 1.00 dollar daily trading limit
net positions: user-less long, investor-less short, other-more short
trends: prices-UP, open interest-FLAT, supply-UP
traded: UP, buying, gained momentum, @bottom for this move
targets: 1019-1002-972-949-914                 =bullish
WHEAT- 45 cent daily trading limit
net positions: user-less long, investor-less short, other-short
trends: prices-UP, open interest-FLAT, supply-UP
traded: UP, buying, lost momentum, broke out of consolidation
targets: 547-497-415-349                            =bullish
CANADIAN DOLLAR- no daily trading limit
net positions: user-more long, investor-short, other: short
trends: prices-DOWN, open interest-UP
traded: UP, buying, gained momentum, stopped@8959 support
targets: 9076-9030-8959-8902-8820              =bullish
HEATING OIL- 25 cent daily trading limit
net positions: user-more short, investor-long. other-less short
trends: prices-DOWN, open interest-UP
traded: FLAT, net buying, lost momentum, support@257 holding
targets: 288-280-267-257                             =less bearish

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