Thursday, February 12, 2015

FARM COMMODITY SETTLEMENTS-CME FEB12/2015 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-bought long/non commercials-sold short
Trends: channel-down+open interest-up+supply-projected/up-less
Trading: DOWN/DECELERATION+SELLING+WORKING MAKE NEXT LOW+NEXT SUPPORT AT 373
PROJECTIONS: 419-392-382-373-359-347                                =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold short/non-commercials-bought long
Trends: CHANNEL-D0WN-MODERATE+OPEN INTEREST-DOWN+SUPPLY--PROJECTED/UP-LESS
Trading: UP-CONSOLIDATION/DECELERATION+MIXED+DRIFTING+NEXT SUPPORT AT 959
Projections: 1087-1014-985-959-917-883               =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-bought long/non commercials-sold short
Trends: channel-down/less+open interest-DOWN+supply-projected/up
Trading: DOWN/DECELERATION+MIXED+DRIFTING+NEXT SUPPORT LEVEL AT 511
Projections: 677-606-598-558-553-511-478             =BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: COMMERCIALS-BOUGHT LONG/NON COMMERCIALS-SOLD LONG
Trends: channel-down+open interest-down+volume-down
Trading: UP/ACCELERATION+BUYING+FROM NEW +HIGHER LOW+MEETING RESISTANCE 
Projections: 8931-8545-8391-8256-8030-7850         =LESS BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-covered/non commercials sold short
Trends: channel-up/less+open interest-up
Trading: UP/ACCELERATION+BUYING+FROM 2ND HIGHER LOW+TESTING RESISTANCE@LAST HIGH
Projections: 159-187-214-232-269-306                    =BULLISH
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