Tuesday, February 17, 2015

FARM COMMODITY SETTLEMENTS-CME FEB17/2015 TUESDAY
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: +NET COVERING+CONSOLIDATION 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-UP-+OPEN INTEREST-DOWN+SUPPLY--PROJECTED/UP-LESS
Trading: upward/acceleration+net covering+test-resistance@old high
Projections: 955-999-1034-1060-1112-1165             =LESS 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: down/acceleration+offset selling+testing support@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-upward+open interest-down+volume-down
Trading: UP/ACCELERATION+BUYING=HIGHER LOW@+@ RESISTANCE @ PREVIOUS HIGH 
Projections: 7808-8090-8316-8485-8823-9161         =TEST OF BULLISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-offset/non commercials offset
Trends: channel-upward/less+open interest-up
Trading: UP/SAME DECELERATION+NET SELLING=PULLED BACK @ RESISTANCE @ 187- HOLDING
Projections: 159-187-214-232-269-306                    =BULLISH
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