Wednesday, November 12, 2014

COMMODITY SETTLEMENTS-CME NOV 12/2014

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

CORN- 25 cent daily trading limit, premium to back months
Commitments: users-sold short, funds-short covered=bought long
Trends: higher lows, higher open interest, high volume, supply-up
Trading: range-up/mid width+selling+resistance @last high successful 
Targets: 371-388-423-452                                   =VIGILANT BULLISH
SOYBEANS- NEW/70 cent daily trading limit, premium to back months
Commitments: users-liquidated long, funds-short covered
Trends: higher lows, higher open interest, median volume, supply-up
Trading: range-up/mid width+selling+resistance @ 1082 successful 
Targets: 993-1023-1082-1142                              =WEAK BULLISH
WHEAT- NEW/35 cent daily trading limit, premium to back months
Commitments: users-sold short, funds-short covered
Trends: higher lows, lower open interest, high volume, supply-up
Trading range-up/mid width+buying+resistance @ 545 successful    
Targets: 545-571-622-673                                   =BULLISH
CANADIAN DOLLAR- no daily trading limit
Commitments: institutions-bought long, investors-bought long
Trends: higher-lows, lower open interest, median-volume
Trading: range-up/mid width+buying+new move-1st leg complete
Targets: 8990-9015-9167-9319-9365                    =BULLiSH
HEATING OIL- 25 cent daily trading limit, mostly flat to back months
Commitments: commercials-sold short, investors-sold short
Trends: higher low, higher open interest, low volume
Trading range-up/mid width+selling+support @ new trend prevailing 
Targets: 262-269-283-297                                   =CAUTION-BULLISH
COMMENTS WELCOME

No comments:

Google+