Tuesday, March 17, 2015

FARM COMMODITY SETTLEMENTS-CME MAR 17/2015 TUESDAY
Markets-price supply/demand during relative strength trading
Trends: direction-lower=lower highs, higher=higher lows
Trading: move/momentum+activity+prevailing strength
Targets: projected price objectives of both moves and trend
CORN- 25 cent daily limit
Positions: users-accumulated long/investors accumulated short
Trends: highs-lower+open interest-up+supply-down
Trading: LOWER/ACCELERATED+SELLING=FIRST CLOSE BELOW SUPPORT@373
TARGETS: 419-392-382-373-359-347                              =BEARISH                               
SOYBEANS- 70 cent daily limit
Positions: users-accumulated long/investors-liquidated long
Trends: HIGHS-LOWER-+OPEN INTEREST-UP+SUPPLY-UP
Trading: LOWER/ACCELERATED+SELLING+SUPPORT@959+@CHANNEL LOW @952
Targets: 1087-1014-985-959-917-883                 =BEARISH
WHEAT- 35 cent daily limit
Positions: users-accumulated long/investors-accumulated short
Trends: higher lows+open interest-turned up+supply-un
Trading: up/decelerated+selling+new move+@1st resistance
Targets: 677-606-598-558-553-511-478              =LESS BULLISH
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS: USERS-ACCUMULATED LONG/NON-REPORTABLES ACCUMULATED SHORT
Trends: highs-lower+open interest-up+volume-higher
Trading: FLAT/DECELERATED+OFFSET SELLING+CONVERGENCE-SUPPORT@RESISTANCE
Targets: 7808-8090-8316-8485-8823-9161  =TEST OF MOMENTUM
HEATING OIL- 25 cent daily limit
Positions: users-accumulated long/investors-accumulated short
Trends: highs-lower+open interest-lower
Trading: flat/decelerated+OFFSET BUYING+ SUPPORT AT PREVAILING MONTHLY TREND
Targets: 307-264-247-232-207-186-156               =LESS BEARISH

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