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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