Wednesday, October 08, 2014




SETTLEMENTS-CME 2014 OCTOBER 8 WEDNESDAY

Markets-price supply/demand during relative strength trading
Trend: line joining highs with highs, lows with lows=direction 
Trading-daily trend+prevailing strengths+activity+momentum
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, new move-@resistance@342, net buying, lost momentum
targets: 406-377-342-328-290                           =less bullish
SOYBEANS- 1.00 dollar daily trading limit
net positions: user-less long, investor-less short, other-more short
trends: prices-DOWN, open interest-FLAT, supply-UP
traded: DOWN, from lower high@949, net selling, lost momentum
targets: 1019-1002-972-949-914                 =less bullish
WHEAT- 45 cent daily trading limit
net positions: user-less long, investor-less short, other-short
trends: prices-UP, open interest-DOWN, supply-UP
traded: UP, @resistance@497, offset buying, lost momentum
targets: 547-497-415-349                            =less bullish
CANADIAN DOLLAR- no daily trading limit
net positions: user-more long, investor-short, other: short
trends: prices-DOWN/LESS, open interest-UP
traded: UP, testing resistance@8959, net buying, gained momentum
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/MORE, open interest-UP
traded: DOWN, @minor support@267, net selling, gained momentum
targets: 288-280-267-257                             =bearish
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