Thursday, March 12, 2015

FARM COMMODITY SETTLEMENTS-CME MAR 12/2015 THURSDAY
Markets-price supply/demand during relative strength trading
Trends-lines join price highs with highs, lows with lows=direction
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: highs-lower+open interest-up+supply-off+futures-flat
Trading: FLAT/NO FORCE+NET SELLING=RESISTANCE CONTINUES TO PREVAIL AT 392 .
TARGETS: 419-392-382-373-359-347                                =BEARISH                               
SOYBEANS- 70 cent daily limit
Net positions: users-less long/investors-less short
Trends: HIGHS-LOWER-+OPEN INTEREST-HUP+SUPPLY-UP+FUTURES-FLAT
Trading: FLAT/SAME FORCE+IN BALANCE+UNABLE BREAK-UP THROUGH 985
Targets: 1087-1014-985-959-917-883                 =BEARISH
WHEAT- 35 cent daily limit
Net positions:users-more long/investors-more short
Trends: highs-lower+open interest-down+supply-un+futures=prem
Trading: higher/force+net buying+upside breakout+met resistance
Targets: 677-606-598-558-553-511-478              =BULLISH SIGNAL
CANADIAN DOLLAR- 4.00 dollar daily limit
NET POSITIONS: USERS-ACCUMULATED LONG/INVESTORS-SOLD SHORT
Trends: highs-lower-flat+open interest-up+volume-higher
Trading: HIGHER/MORE FORCE+NET BUYING WITH GOOD SELLING=MAJOR SUPPORT@7808
Targets: 7808-8090-8316-8485-8823-9161          =LESS BEARISH
HEATING OIL- 25 cent daily limit
Net positions: users-sold short/investors-covered short
Trends: highs-lower/less+open interest-higher+futures@premium
Trading: reversal/MORE FORCE+SELLING+SIGNALS CONTINUATION LOWER
Targets: 159-187-214-232-269-305                     =BEARISH
Post a Comment
Google+