Friday, November 14, 2014

COMMODITY SETTLEMENTS-CME NOV 14/2014

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
Net commitments: users-sold short+sold long, funds-short covered
Trends: higher lows, higher open interest, lower volume, supply-up
Trading: range-flat/narrow+selling+appears end of current move up 
Targets: 371-388-423-452                                   =LESS BULLISH
SOYBEANS- 70 cent daily trading limit, premium to back months
Net commitments: users-sold short funds-short covered
Trendshigher lows, flat open interest, lower volume, supply-up
Trading: range-down/mid width+selling+support@1023+@old low
Targets: 993-1023-1082-1142                              =LESS BULLISH
WHEAT- 35 cent daily trading limit, premium to back months
Net commitments: users sold long+covered short, funds-sold long
Trends: higher lows, lower open interest, lower volume, supply-up
Trading range-up/mid width+buying+broke through resistance @ 545    
Targets: 545-571-622-673                                   =BULLISH
CANADIAN DOLLAR- no daily trading limit
Net commitments: users-accumulated long, funds: sold short
Trends: lower high, lower open interest, higher volume
Trading: range-up/wide+buying+continuing move upward
Targets: 8990-9015-9167-9319-9365                    =BULLiSH
HEATING OIL- 25 cent daily trading limit, mostly flat to back months
Net commitments: users-sold long, funds-accumulated long
Trends: lower highs, lower open interest, higher volume
Trading range-down/narrow+buying+turn around volume 
Targets: 272-263-249-220                                   =BULLISH
COMMENTS WELCOME

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