Friday, November 21, 2014

COMMODITY SETTLEMENTS-CME NOV 21/2014

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, funds-bought long
Trends: higher lows, lower open interest, same volume, supply-up
Trading: higher/decelerated+offset+met resistance-low@trend
Targets: 371-388-423-452                                   =BULLISH 
SOYBEANS- 70 cent daily limit, futures @ premium mar/15 - aug/15
Net commitments: users-sold short, funds-sold long
Trends: FLAT HIGHS AND LOWS, LOWER OPEN INTEREST-, HIGHER VOLUME, SUPPLY-UP
Trading: higher/accelerated-buying+closed above resistance@1023
Targets: 993-1023-1082-1142                              =NEUTRAL
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: higher/decelerated+in offset+closed above resistance@545    
Targets: 545-571-622-673                                   =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, higher volume
Trading: higher+accelerated+buying+higher low-resistance@8940
Targets: 8940-9015-9167-9319                            =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, higher volume
Trading: higher+accelerated+in offset+closed below resistance
Targets: 272-263-249-220                                   =LESS BEARISH
COMMENTS WELCOME

No comments:

Google+