Wednesday, March 18, 2015

FARM COMMODITY SETTLEMENTS-CME MAR 18/2015 WEDNESDAY
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/DECELERATED+NET BUYING ABOVE SUPPORT@373@MINOR RESISTANCE
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/DECELERATED+BUYING+SUPPORT @952-@RESISTANCE @959
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-drifting down+supply-un
Trading: flat/decelerated+buying+low remains above trend.
Targets: 677-606-598-558-553-511-478              =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: UP/ACCELERATED+NET BUYING+THROUGH+CLOSED ABOVE RESISTANCE
Targets: 7808-8090-8316-8485-8823-9161          =LESS BEARISH
HEATING OIL- 25 cent daily limit
Positions: users-accumulated long/investors-accumulated short
Trends: highs-lower+open interest-lower
Trading: up/accelerated+buying+higher low=potential reversal
Targets: 307-264-247-232-207-186-156               =LESS BEARISH
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