Thursday, November 20, 2014

COMMODITY SETTLEMENTS-CME NOV 20/2014

Markets-price supply/demand during relative strength trading
Trends-major (long term)-down-lower highs, up-higher lows
Trading-range movement/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+sold long, funds-short covered
Trends: higher lows, lower open interest, higher volume, supply-up
Trading: higher+accelerated+buying+@trend+@resistance@oldhigh
Targets: 371-388-423-452                                   =BULLISH 
SOYBEANS- 70 cent daily limit, futures @ premium mar/15 - aug/15
Net commitments: users-sold short funds-short covered
Trends: LOWER HIGHS, LOWER OPEN INTEREST-, LOWER VOLUME, SUPPLY-UP
Trading: flat/decelerated-buying-@convergence-resistance+support
Targets: 993-1023-1082-1142                              =BEARISH
WHEAT- 35 cent daily limit, futures @ premium may/15 - may/16
Net commitments: users sold long+covered short, funds-sold long
Trends: higher lows, lower open interest, higher volume, supply-up
Trading: reversal-up+accelerated+buying+through resistance@545    
Targets: 545-571-622-673                                   =BULLISH
CANADIAN DOLLAR- no daily limit, futures@discount jan/15-apr/15
NET COMMITMENTS, USERS-ACCUMULATED LONG, FUNDS-SOLD SHORT
Trends: lower highs, lower open interest, lower volume
Trading: up+accelerated+buying+@convergence-resistance+support
Targets: 9076-9033-8962-8820                            =LESS BEARISH
HEATING OIL- 25 cent daily limit, futures@discount jan/15-apr/15
Net commitments: users-sold long, funds-accumulated long
Trends: lower highs, lower open interest, flat volume
Trading: lower+decelerated+buying+oversold-@support@old low
Targets: 272-263-249-220                                   =LESS BEARISH
COMMENTS WELCOME

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