Sunday, January 11, 2015

FARM COMMODITY SETTLEMENTS-CME JAN 9/2015 FRIDAY
Markets-price supply/demand during relative strength trading
Trends/Channels-for prices, 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: prices-down-(narrow channel)+open interest-up+supply-up
Trading: FLAT LOWS/WEAK FORCE+BUYING+RESISTANCE@MID MOVE(NARROW)+@HIGH OF TREND 
TARGETS: 452-423-388-371                                        =TEST OF BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-less long, non-commercials-more long
Trends: PRICES-FLAT(INTERMEDIATE)+OPEN INTEREST-DOWN+SUPPLY-UP
Trading: FLAT@LOWER HIGH+WEAK FORCE+BUYING@MINOR SUPPORT MID TREND+
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: prices-down-(narrow channel)+open interest-flat+supply-up
Trading: DOWN-MONTHLY/WEAK FORCE+SELLING+@SUPPORT/558-MIDWAY NEW LOWER 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: prices-down(wide channel)=open interest-up
Trading: DOWN/MODERATE FORCE+NET SELLING+SOME BUYING JUST ABOVE BOTTOM OF MOVE
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: prices-down(narrow channel)+open interest-down
Trading: FLAT/STEADY FORCE+BUYING+GOOD SUPPORT@168+APPEARS FORMING A BOTOOM
Targets: 307-250-227-207-174-164                          =LESS BEARISH
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