Monday, November 24, 2014

COMMODITY SETTLEMENTS-CME NOV 24/2014

Markets-price supply/demand during relative strength trading
Trends-major (long term), down-lower highs, up-higher lows
Trading-(range)+direction/momentum+activity+prevailing strength
Targets-projected length of move

CORN- 25 cent daily limit, futures @ premium mar/15 - july/16 
Net commitments: users-sold short, funds-bought long
Trends: higher prices, lower open interest, lower volume, supply-up
Trading: lower/decelerated+up from new low, reversed@resistance
Targets: 371-388-423-452                                   =BEARISH SIGNAL 
SOYBEANS- 70 cent daily limit, futures @ premium mar/15 - aug/15
Net commitments: users-sold short, funds-sold long
Trends: FLAT HIGHS AND LOWS, FLAT OPEN INTEREST-, LOWER VOLUME, SUPPLY-UP
Trading: lower/decelerated-selling+unable confirm up through 1023
Targets: 993-1023-1082-1142                              =LESS BULLISH
WHEAT- 35 cent daily limit, futures @ premium may/15 - may/16
Net commitments: users sold short, funds-short covered
Trends: higher lows, lower open interest, lower volume, supply-up
Trading: flat/decelerated+selling+unable confirm up through 545    
Targets: 545-571-622-673                                   =LESS BULLISH
CANADIAN DOLLAR- no daily limit, futures@discount jan/15-apr/15
NET COMMITMENTS, USERS-NOMINAL ACTIVITY, FUNDS-SHORT COVERED
Trends: higher lows, lower open interest, lower volume
Trading: flat/decelerated+selling+unable confirm up through trend 
Targets: 8940-9015-9167-9319                            =LESS BULLISH
HEATING OIL- 25 cent daily limit, futures@discount jan/15-APR/15
Net commitments: users-sold long, funds-bought long
Trends: lower highs, higher open interest, lower volume
Trading: flat/decelerated+selling@trend resistance
Targets: 272-263-249-220                                   =BEARISH
COMMENTS WELCOME
Post a Comment
Google+