Wednesday, March 11, 2015

FARM COMMODITY SETTLEMENTS-CME MAR 11/2015 WEDNESDAY
Markets-price supply/demand during relative strength trading
Trends-trend-lines/lower join-lower highs, higher-higher lows
Trading-movement/momentum+activity+prevailing strength
Targets-projected length of move
CORN- 25 cent daily limit
Net positions: users-less short/investors less long
Trends: prices-lower+open interest-lower+supply-proj lower
Trading: FLAT/NO FORCE+MIXED=APPEARS THERE IS RELUCTANCE TO PAY MORE THAN 392 .
PROJECTIONS: 419-392-382-373-359-347                                =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: users-less long/investors-less short
Trends: PRICES-LOWER-+OPEN INTEREST-HIGHER+SUPPLY-PROJECTED-HIGHER/-LESS
Trading: higher/more force+mixed+not enough to lift prices
Projections: 1087-1014-985-959-917-883                =BEARISH
WHEAT- 35 cent daily limit
Net positions:users-more long/investors-more short
Trends: prices-lower+open interest-higher+supply-higher
Trading: higher/through trend-not ready for change in direction
Projections: 677-606-598-558-553-511-478      =TEST OF BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: USERS-ACCUMULATED LONG/INVESTORS-SOLD SHORT
Trends: prices-flat+open interest-higher+volume-higher
Trading: L0WER/MORE FORCE+SPEED+LOOK FOR SUPPORTS@ BOTTOM OF MOVE (7808)
Projections: 7808-8090-8316-8485-8823-9161         =LESS BEARISH
HEATING OIL- 25 cent daily limit
Net positions: users-sold short/investors-covered short
Trends: highes-lower+open interest-higher+futures-@premium
Trading: flat/more FORCE+NET SELLING+SIGNALS CONTINUATION LOWER
Projections: 159-187-214-232-269-305      =LAST RESORT BULLISH
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