Tuesday, November 25, 2014

COMMODITY SETTLEMENTS-CME NOV 25/2014
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: prices-up/flat, open interest-down, volume-same, supply-up
Trading-up/medium range+massive liquidation+resistance@388 valid
Targets: 371-388-423-452                                   =LESS BULLISH  
SOYBEANS- 70 cent daily limit, futures @ premium mar/15 - aug/15
Net commitments: users-sold short, funds-sold long
Trends: PRICES-UP, OPEN INTEREST-FLAT/DOWN, VOLUME-SAME, SUPPLY-UP
Trading: up/narrow range+buying+confirmed broke trend resistance
Targets: 993-1023-1082-1142                              =BULLISH
WHEAT- 35 cent daily limit, futures @ premium may/15 - may/16
Net commitments: users sold short, funds-short covered
Trends: prices-up, open interest-down, volume-down, supply-up
Trading: up/medium range+buying+confirmed broke 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: prices-up, open interest-down, volume-up
Trading: down/medium range+buying+@support-broke resistance 
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: prices-down, open interest-down, volume-same
Trading: down/narrow range+selling+@trend support
Targets: 272-263-249-220                                   =LESS BEARISH
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