Saturday, December 27, 2014

FARM COMMODITY SETTLEMENTS-CME DEC 26/2014 FRIDAY
Markets-price supply/demand during relative strength trading
Trends/Channels-prices (long term), down-lower highs, up-higher lows
Trading/Movement+direction/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-more short/non commercials-more long
Trends: prices-up(narrow channel)+open interest-up/flat+supply-up
Trading: UP/FLAT-MID CHANNEL/STABLE+MIXED+@MINOR RESISTANCE MID TREND JUST UNDER 423
TARGETS: 371-388-423-452                                           =LESS BULLISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-less long, non-commercials-more long
Trends: PRICES-UP(NARROW CHANNEL)+OPEN INTEREST DOWN+SUPPLY-UP
Trading: UP/LESS FORCE+SHORT COVERING+ALONG SUPPORT@LOWER TRENDLINE IN CHANNEL
Targets: 904-955-993-1023-1062-1082-1142       =WEAK BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-now short, non commercials-now long
Trends: prices-up(narrow channel)+open interest-flat+supply-up
Trading: DOWN/MIXED FORCE+SELLING+PENETRATED/CLOSED BELOW LOWER TRENDLINE   
Targets: 468-512-545-571-622-673                     =TEST OF BULLISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-STEADY LONG, NON COMMERCIALS-STEADY SHORT
Trends: prices-down(wide channel)=open interest-flat
Trading: FLAT/STEADY FORCE+MIXED+HIGHER LOWS-ALONG RESISTANCE-MID CHANNEL
Targets: 9076-9033-8965-8820-8678-8553           =TEST OF BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long, non commercials-more short
Trends: prices-down(narrow channel)+open interest-flat
Trading: DOWN/LESS FORCE+MIXED+RESISTANCE UPPER CHANNEL+A BOTTOM@ 190
Targets: 272-263-249-220-190                             =LESS BEARISH
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