Sunday, February 08, 2015

FARM COMMODITY SETTLEMENTS-CME FEB 6/2015 FRIDAY
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-down+supply-up/less
Trading: FLAT/ACCELERATION+EQUAL OFFSET+UPSIDE OF HIGH-NO BREAKOUT/CONFIRMATION
PROJECTIONS: 419-392-382-373-359-347                           =LESS BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold short/non-commercials-bought long
Trends: CHANNEL-D0WN-MODERATE+OPEN INTEREST-UP+SUPPLY--UP/MORE
Trading: FLAT/ACCELERATION+NET SELLING=HIGHER LOW+UNABLE MAKE NEW HIGH+@985
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 so+open interest-flat+supply-up
Trading: UP/ACCELERATION+OFFSET 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-BOUGHT LONG/NON COMMERCIALS-SOLD LONG
Trends: channel-down+open interest-up/flat+volume-down
Trading: FLAT/DECELERATION+NET SELLING+MEETING RESISTANCE AT LAST HIGH+@8030 
Projections: 8931-8545-8391-8256-8030-7850         =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-covered/non commercials sold short
Trends: channel-down/less so+open interest-up
Trading: FLAT-UP/DECELERATION+NET BUYING+MEETING RESISTANCE AT LAST HIGH+@174
Projections: 307-250-227-207-174-164                    =LESS BEARISH
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