Friday, January 02, 2015

FARM COMMODITY SETTLEMENTS-CME JAN 2/2015 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/less-(narrow channel)+open interest-up+supply-up
Trading: DOWN/MIXED FORCE+SELLING+SOME BUYING@388-BELOW CHANNEL. 
TARGETS: 452-423-388-371                                        =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-less long, non-commercials-more long
Trends: PRICES-FLAT(CONSOLIDATION)+OPEN INTEREST DOWN+SUPPLY-UP
Trading: DOWN+MORE FORCE+SELLING+@1014=LEVEL OF PREVIOUS PENETRATION
Targets: 1087-1014-985-959-917-883                     =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-now short, non commercials-now long
Trends: prices-up/less-(narrow channel)+open interest-flat+supply-up
Trading: DOWN-STEEP/LESS FORCE+SELLING+@LOW TRENDLINE OF NEW LOWER CHANNEL   
Targets: 468-512-545-571-622-673                         =LESS BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-STEADY LONG, NON COMMERCIALS-STEADY SHORT
Trends: prices-down(wide channel)=open interest-flat
Trading: DO3N/MORE FORCE+SELLING+NEW LOW+PENETRATED-CLOSED BELOW 8553
Targets: 9076-9033-8965-8820-8678-8553-8393       =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-more long, non commercials-more short
Trends: prices-down(narrow channel)+open interest-down
Trading: DOWN/FLAT+MORE FORCE+SELLING+RESISTANCE UPPER CHANNEL+THROUGH  190
Targets: 272-263-249-220-190-174                          =LESS BEARISH
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