Tuesday, November 18, 2014

COMMODITY SETTLEMENTS-CME NOV 18/2014

Markets-price supply/demand during relative strength trading
Trends-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, higher open interest, lower volume, supply-up
Trading: range-down+narrow+below trend revising angle lower.
Targets: 371-388-423-452                                   =BEARISH SIGNAL
SOYBEANS- 70 cent daily limit, futures @ premium mar/15 - aug/15
Net commitments: users-sold short funds-short covered
Trends: higher lows, higher open interest, lower volume, supply-up
Trading: up+narrow+from new low revising angle of trend lower
Targets: 993-1023-1082-1142                              =LESS BULLISH
WHEAT- 35 cent daily limit, futures @ premium may/15 - may/16
Net commitments: users sold long+covered short, funds-sold long
Trends: higher lows, higher open interest, lower volume, supply-up
Trading range-down+narrow+new move+resistance+@support@545    
Targets: 545-571-622-673                        LESS FORCE-LESS 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: range-up+moderate+selling+lower high+resistance@trend
Targets: 8990-9015-9167-9319-9365                    =LESS BULLiSH
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, lower volume
Trading range-down+narrow,+selling+met resistance@242 
Targets: 266-260-252-242                                   =BEARISH
COMMENTS WELCOME

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