Friday, November 07, 2014

COMMODITY SETTLEMENTS-CME NOV 7/2014

Markets-price supply/demand during relative strength trading
Trends-long term-down-lower highs, up-higher lows
Trading-move+activity+momentum+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 EQUALLY
Trends: higher lows, lower open interest, high volume, supply-up
Trading: move up-in offset+declining force-support @trend prevailing 
Targets: 371-388-423-452                                   =LESS BULLISH
SOYBEANS- NEW/70 cent daily trading limit, premium to back months
Commitments: users-liquidated long, funds-short covered
Trends: higher lows, flat open interest, moderate-volume, supply-up 
Trading: MOVE UP,, NET BUYING+DECLINING FORCE, TREND PENETRATED-NEAR TO RESISTANCE 
Targets: 993-1023-1082-1142                              =LESS BULLISH
WHEAT- NEW/35 cent daily trading limit, premium to back months
Commitments: users-sold short, funds-short covered
Trends: lower highs, flat open interest, high volume, supply-up
Trading: move down, net selling+declining force, end of move signal    
Targets: 514-506-494-483                                   =LESS BEARISH
CANADIAN DOLLAR- no daily trading limit
Commitments: institutions-bought long, investors-bought long
Trends: lower highs, flat open interest, high-volume
Trading: new move up, buying+increased force, bottom reversal signal
Targets: 9076-9033-8962-8820-8678                    =LESS BEARISH
HEATING OIL- 25 cent daily trading limit, mostly flat to back months
Commitments: commercials-sold short, investors-sold short
Trends: flat highs and lows, higher open interest, moderate volume
Trading: move down, buying+increased force, @239 support 
Targets: 279-269-252-239                                    =BULLISH SIGNAL
COMMENTS WELCOME

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