Thursday, January 29, 2015

FARM COMMODITY SETTLEMENTS-CME JAN 29/2015 THURSDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-move in channel/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-less short/non commercials-less long
Trends: channel-down/original+open interest-up+supply-up/less
Trading: LOWER/NARROW RANGE LENGTH+OFFSET+TESTING SUPPORT AT CHANNEL LOW 
TARGETS: 522-439-406-377-328-290                                       =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-now short
Trends: CHANNEL-D0WN/SECOND REVISED+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: FLAT/NARROW RANGE LENGTH+OFFSET SELLING+TEST/2ND REVISED CHANNEL HIGH
Targets: 1087-1014-985-959-917-883                     =LESS BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-less short/non commercials-now short
Trends: channel-down/original+open interest-up+supply-up/more
Trading: LOWER/NARROW RANGE LENGTH+OFFSET+ALONG SUPPORT UPSIDE CHANNEL HIGH
Targets: 677-606-598-558-553-511-478                  =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MLRE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/third revised+open interest-down+low volume
Trading: LOWER/WIDER RANGE LENGTH+NET SELLNG+TESTING SUPPORT OF CHANNEL LOW 
Targets: 8931-8545-8391-8256-8030-7850  OVERSOLD=BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/third revised+open interest-up
Trading: DOWN/NARROW RANGE LENGTH+OFFSET SELLING+TEST/RESISTANCE OF CHANNEL HIGH
Targets: 307-250-227-207-174-164                         =BEARISH

Wednesday, January 28, 2015

FARM COMMODITY SETTLEMENTS-CME JAN 28/2015 WEDNESDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-move in channel/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-less short/non commercials-less long
Trends: channel-down/original+open interest-down+supply-up/less
Trading: LOWER/MODERATE RANGE LENGTH+SELLING+AT SUPPORT AT LOW OF CHANNEL 
TARGETS: 522-439-406-377-328-290                                       =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-now short
Trends: CHANNEL-D0WN/SECOND REVISED+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: LOWER/NARROW RANGE LENGTH+NET SELLING+BREAKTHROUGH CONFIRMED
Targets: 1087-1014-985-959-917-883                     =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-less short/non commercials-now short
Trends: channel-down/original+open interest-flat+supply-up/more
Trading: LOWER/NARROW RANGE LENGTH+SELLING+TESTED/CLOSED BELOW CHANNEL HIGH
Targets: 677-606-598-558-553-511-478                  =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MLRE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/third revised+open interest-down+low volume
Trading: LOWER/WIDE RANGE LENGTH+NET SELLNG+FROM RESISTANCE @ CHANNEL LOW 
Targets: 8931-8545-8391-8256-8030-7850  OVERSOLD=BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/third revised+open interest-up
Trading: FLAT/SHORTER LENGTH+NET SELLING+RESISTANCE AT CHANNEL HIGH
Targets: 307-250-227-207-174-164                         =BEARISH

Tuesday, January 27, 2015

FARM COMMODITY SETTLEMENTS-CME JAN 27/2015 TUESDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, down-lower highs, up-higher lows
Trading-move in channel/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-less short/non commercials-less long
Trends: channel-down/original+open interest-up+supply-up/less
Trading: LOWER/NARROW LENGTH OF RANGE+OFFSET+AT SUPPORT MID CHANNEL 
TARGETS: 522-439-406-377-328-290                                       =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-now short
Trends: CHANNEL-UP/THIRD REVISED+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: HIGHER/NARROW LENGTH OF RANGE+SELLING+AT SUPPORT AT LOW OF CHANNEL
Targets: 1087-1014-985-959-917-883                     =LESS BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-less short/non commercials-now short
Trends: channel-down/original+open interest-up+supply-up/more
Trading: LOWER/NARROW LENGTH OF RANGE+OFFSET+AT RESISTANCE AT HIGH OF CHANNEL
Targets: 677-606-598-558-553-511-478                  =LESS BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MLRE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/third revised+open interest-up+low volume
Trading: HIGHER/MODERATE RANGE+BUYING+VIRTUAL REVERSAL FROM SUPPORT AT 8030 
Targets: 8931-8545-8391-8256-8030-7850               =LESS BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/third revised+open interest-up
Trading: FLAT/SAME LENGTH OF RANGE+NET BUYING AT 164+RESISTANCE AT HIGH OF CHANNEL
Targets: 307-250-227-207-174-164                         =LESS BEARISH

Monday, January 26, 2015


FARM COMMODITY SETTLEMENTS-CME JAN 26/2015 MONDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, 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-less short/non commercials-less long
Trends: channel-down/first phase+open interest-up+supply-up/less
Trading: TRADING HIGHER/NARROW RANGE+OFFSET+@ TOP OF CHANNEL RESISTANCE 
TARGETS: 522-439-406-377-328-290   MAINTAINING TREND=BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-now short
Trends: CHANNEL-UP/THIRD PHASE+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: HIGHER/NARROW RANGE+NET BUYING+TEST OF SUPPORT CONTINUES=WEAK
Targets: 1087-1014-985-959-917-883                     =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-less short/non commercials-now short
Trends: channel-down/first phase+open interest-up+supply-up/more
Trading: LOWER/MODERATE RANGE+SELLING+TEST OF TOP MAINTAINING TREND
Targets: 677-606-598-558-553-511-478                  =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MLRE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/third phase+open interest-up+low volume
Trading: FLAT/NARROW RANGE+NET SELLING+APPEARS TO BE A HEDGING AFFAIR
Targets: 9398-8773-8523-8304-7940-7648               =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/third phase+open interest-up
Trading: FLAT/WIDER RANGE+OFFSET LIQUIDATION+TOP OF CHANNEL RESISTANCE
Targets: 307-250-227-207-174-164                        =BEARISH

Thursday, January 22, 2015

FARM COMMODITY SETTLEMENTS-CME JAN 22/2015 THURSDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, 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-less short/non commercials-less long
Trends: channel-down/narrow+open interest-up+supply-up/less
Trading: lower from lower high at resistance at high of channel 
Targets: 522-439-406-377-328-290       net selling  =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-less long
Trends: channel-down/less+open interest-up-supply-up/more
Trading: flat/testing new low+wider range+net selling+drifting
Targets: 1087-1014-985-959-917-883                     =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now short/non commercials-less long
Trends: channel-down/steady+open interest-up, supply-up/more
Trading: lower/net selling meeting resistance at top of channel   
Targets: 677-606-598-558-553-511-478                  =BEARISH
CANADIAN DOLLAR- no daily limit
Net positions: ≤commercials-more long/non commercials-more short
Trends: channel-down/vertical+open interest-up+low volume
Trading: lower/narrow range+net selling+small buying(covering?)
Targets: 9398-8773-8523-8304-7940-7648               =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/steady+open interest-up
Trading: higher on apparent short-side activity, making a new low
Targets: 307-250-227-207-174-164                        =LESS BEARISH

Tuesday, January 20, 2015

FARM COMMODITY SETTLEMENTS-CME JAN 20/2015 TUESDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, 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-less short/non commercials-less long
Trends: channel-down/narrow+open interest-up+supply-up/less
Trading: HIGHER/FLAT IN CHANNEL/MORE MOMENTUM+NET BUYING+TESTING RESISTANCE@388 
TARGETS: 318-348-370-388-423-458                                      =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-less long
Trends: CHANNEL-DOWN/SHARP+OPEN INTEREST-UP+SUPPLY-UP/MORE
Trading: LOWER+SAME MOMENTUM+OFFSET+HEAD AND SHOULDER PROJECTS SUPPORT@959
Targets: 1087-1014-985-959-917-883                     =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now short/non commercials-less long
Trends: channel-down/steady+open interest-up, supply-up/more
Trading: LOWER-FLAT/MORE MOMENTUM+NET BUYING+@RESISTANCE OF TOP OF CHANNEL   
Targets: 677-606-598-558-553-511-478                  =LESS BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MORE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/more so+open interest-up
Trading: LOWER/GAINED MOMENTUM+SELLING+PENETRATED SUPPORT@LOW OF CHANNEL
Targets: 8981-8712-8604-8510-8353-8307-8227      =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long/non commercials-more short
Trends: channel-down/steady+open interest-up
Trading: FLAT/SAME MOMENTUM+NET SELLING+TEST OF BOTTOM OF MOVE
Targets: 307-250-227-207-174-164                        =LESS BEARISH

Friday, January 16, 2015

FARM COMMODITY SETTLEMENTS-CME JAN 16/2015 FRIDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, 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-less short/non commercials-less long
Trends: channel-down+open interest-up+supply-up
Trading: FLAT/LOST MOMENTUM+NET BUYING@LOW OF CHANNEL-SUPPORT NOT CHALLENGED 
TARGETS: 318-348-370-388-423-458                                      =LESS BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-less long/non-commercials-more long
Trends: CHANNEL-DOWN/GRADUALLY+OPEN INTEREST-UP+SUPPLY-UP
Trading: LOWER+LOST MOMENTUM+BUYING@985+LOW VOLUME+GOOD RESISTANCE
Targets: 1087-1014-985-959-917-883                     =LOOKS BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now long/non commercials-less long
Trends: channel-down/steady+open interest-flat+supply-up
Trading: FLAT/LOST MOMENTUM+NET SELLING+LOW VOLUME+NO SIGNIFICANT CHANGE   
Targets: 677-606-598-558-553-511-478                  =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MORE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down/steady+open interest-up
Trading: LOWER/GAINED MOMENTUM+OFSET+STEADY BUYING@LOW OF CHANNEL
Targets: 8981-8712-8604-8510-8353-8307-8227      =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-less long/non commercials-less short
Trends: channel-down/steady+open interest-up
Trading: FLAT/LOST MOMENTUM+NET SELLING+TEST OF BOTTOM-PUTTING A STOP TO MOVE
Targets: 307-250-227-207-174-164                        =LESS BEARISH

Thursday, January 15, 2015

FARM COMMODITY SETTLEMENTS-CME JAN 15/2015 THURSDAY
Markets-price supply/demand during relative strength trading
Trends-price channel, 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-less short/non commercials-less long
Trends: channel-down+open interest-up+supply-up
Trading: LOWER/LOST MOMENTUM+OFFSET+PENETRATING/FOLLOWING LOW OF CHANNEL 
TARGETS: 318-348-370-388-423-458                                      =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-less long, non-commercials-more long
Trends: CHANNEL-DOWN/GRADUALLY+OPEN INTEREST-UP+SUPPLY-UP
Trading: FLAT+GAINED MOMENTUM+SHORT SELLING+MEETING SUPPORT@OLD TREND+@985
Targets: 1087-1014-985-959-917-883                     =TEST OF BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now long, non commercials-less long
Trends: channel-down/steady+open interest-flat+supply-up
Trading: LOWER/GAINED MOMENTUM+NET SELLING+PENETRATED LEVEL OF OLD LOW   
Targets: 677-606-598-558-553-511-478                  =BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MORE LONG, NON COMMERCIALS-MORE SHORT
Trends: channel-down/steady+open interest-up
Trading: FLAT/LOST MOMENTUM+NET SELLING+FORMING A BOTTOM@CHANNEL LOW
Targets: 9076-9033-8965-8820-8678-8553-8393      =LESS BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-less long, non commercials-less short
Trends: channel-down/steady+open interest-up
Trading: HIGHER/GAINED MOMENTUM+NET SELLING+MET RESISTANCE NEAR HIGH OF CHANNEL
Targets: 307-242-216-193-155-146-125                  =BEARISH
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