Wednesday, November 19, 2014

COMMODITY SETTLEMENTS-CME NOV 19/2014

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: lower+accelerated+selling+new low=angle of trend revised.
Targets: 371-388-423-452                                   =BEARISH 
SOYBEANS- 70 cent daily limit, futures @ premium mar/15 - aug/15
Net commitments: users-sold short funds-short covered
Trends: higher lows, lower open interest, lower volume, supply-up
Trading: lower/new+accelerated+selling+@support@original trend
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, lower open interest, higher volume, supply-up
Trading lower+accelerated+selling+new low-angle of trend revised    
Targets: 545-571-622-673                                   =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: lower+accelerated+selling+lower high+@trend support
Targets: 8990-9015-9167-9319-9365                    =BEARIISH
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: lower+accelerated+selling+to support@previous low 
Targets: 272-263-249-220                                   =BEARISH
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