Sunday, February 15, 2015

FARM COMMODITY SETTLEMENTS-CME FEB13/2015 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 long
Trends: channel-down/less+open interest-down+supply-up/less
Trading: UP/DECELERATION+NET COVERING+DRIFTING BELOW LOWER HIGH
PROJECTIONS: 419-392-382-373-359-347                            =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-covered/non-commercials-sold short
Trends: CHANNEL-D0WN-MODERATE+OPEN INTEREST-DOWN+SUPPLY--PROJECTED/UP-LESS
Trading: up/acceleration+net covering+near resistance @ old high
Projections: 1087-1014-985-959-917-883                =BEARISH
WHEAT- 35 cent daily limit
Net positions: commercials-sold long/non commercials-covered short
Trends: channel-down/less+open interest-down+supply-projected/up
Trading: flat/acceleration+net covering+consolidating 
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/DECELERATION+NET COVERING=TESTING RESISTANCE @ TOP OF CHANNEL 
Projections: 8931-8545-8391-8256-8030-7850         =BEARISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-offset/non commercials offset
Trends: channel-up/less+open interest-up
Trading: UP/DECELERATION+COVERING=TESTING RESISTANCE @ MID CHANNEL+@187
Projections: 159-187-214-232-269-306                    =BULLISH
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