Tuesday, February 24, 2015

FARM COMMODITY SETTLEMENTS-CME FEB24/2015 TUESDAY
Markets-price supply/demand during relative strength trading
Trends-trend-lines, join-lower highs=down, higher lows=up
Trading-movement/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: commercials-bought long/non commercials-sold long
Trends: prices-down/less+open interest-down/more+supply-up/less
Trading: FLAT/NONE+NET SELLING+HUGE VOLUME IN A NARROW RANGE-ABOVE SUPPORT@382
PROJECTIONS: 419-392-382-373-359-347                                =NEUTRAL                               
SOYBEANS- 70 cent daily limit
Net positions: commercials-sold-long/non-commercials-covered short
Trends: PRICES-UP-+OPEN INTEREST-DOWN+SUPPLY-PROJECTED/UP-LESS
Trading: up/gained+net buying+closed below high@trend-line support
Projections: 955-999-1034-1060-1112-1165             =WEAK BULLISH
WHEAT- 35 cent daily limit
Net positions: commercials-sold long/non commercials-sold short
Trends: prices-down/less+open interest-down+supply-projected/up
Trading: flat/losing+offset selling+resistance@511 prevailing
Projections: 677-606-598-558-553-511-478             =NEUTRAL
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: COMMERCIALS-SOLD LONG/NON COMMERCIALS-SOLD LONG
Trends: pricesl-up+open interest-up+volume-up
Trading: UP/GAINED+NET BUYING+SIGNALLED A REVERSAL UP TO RESISTANCE@TREND-LINE
Projections: 7808-8090-8316-8485-8823-9161         =BULLISH
HEATING OIL- 25 cent daily limit
Net positions: commercials-sold short/non commercials-covered short
Trends: prices-up/less+open interest-down
Trading: DOWN/LOST+NET SELLING TO SUPPORT@FIRST REVISED TO LOWER/TREND-LINE UP
Projections: 159-187-214-232-269-305                    =TEST OF BULLISH

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