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
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