Thursday, February 05, 2015

FARM COMMODITY SETTLEMENTS-CME FEB 5/2015 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-less short/non commercials-less long
Trends: channel-down+open interest-down+supply-up/less
Trading: FLAT/DECELERATION+NET BUYING+TESTING RESISTANCE AT HIGH+BREAKOUT SIGNAL
PROJECTIONS: 419-392-382-373-359-347                               =LESS BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-more long/non-commercials-more short
Trends: CHANNEL-D0WN-WIDE/GRADUAL+OPEN INTEREST-UP/FLAT+SUPPLY--UP/MORE
Trading: FLAT/DECELERATION+BUYING=AT SUPPORT AT LOW+HIGHER LOW
Projections: 1087-1014-985-959-917-883               =LESS BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-same long/non commercials-more short
Trends: channel-down/1st revision up+open interest-flat+supply-up
Trading: UP/ACCELERATION+BUYING+BREAKOUT TOWARD RESISTANCE AT LAST HIGH
Projections: 677-606-598-558-553-511-478            =LESS BEARISH
CANADIAN DOLLAR- no daily limit
NET POSITIONS: COMMERCIALS-MLRE LONG/NON COMMERCIALS-MORE SHORT
Trends: channel-down+open interest-up+volume-down
Trading: FLAT/ACCELERATION+NET BUYING+MEETING RESISTANCE AT LAST HIGH 
Projections: 8931-8545-8391-8256-8030-7850         =LESS BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-less long/non commercials-less short
Trends: channel-down+open interest-down
Trading: FLAT/DECELERATION+NET BUYING+MEETING RESISTANCE AT LAST HIGH
Projections: 307-250-227-207-174-164                    =LESS BEARISH

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