Monday, March 23, 2015

FARM COMMODITY SETTLEMENTS-CME MAR 23/2015 MONDAY
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 net long/investors-net short
Trends: lower highs+lower open interest+supply-down
Trading: HIGHER/DECELERATED+QUIET BUYING+MET RESISTANCE@TREND+OLD HIGH
TARGETS: 419-392-382-373-359-347                                =BEARISH                               
SOYBEANS- 70 cent daily limit
Positions: users-accumulated net long/investors-sold net short
Trends: LOWER HIGHS+HIGHER/FLAT OPEN INTEREST-+SUPPLY-UP
Trading: HIGHER/DECELERATED+NET BUYING+BROKE/CLOSED BELOW RESISTANCE@985
Targets: 1087-1014-985-959-917-883                  =LESS BEARISH
WHEAT- 35 cent daily limit
Positions: users-sold net long/investors-accumulated net long
Trends: higher lows+flat open interest+supply-un
Trading: higher/decelerated+selling long=short-weak move
Targets: 677-606-598-558-553-511-478               =LESS BULLISH
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS: USERS-SOLD NET SHORT/INVESTORS-COVERED NET SHORT
Trends: lower highs+lower/flat open interest+lower volume
Trading: HIGHER/DECELERATED+NET BUYING+CONFIRMED NEW HIGH@RESISTANCE
Targets: 7808-8090-8316-8485-8823-9161          =LESS BEARISH   
HEATING OIL- 25 cent daily limit
Positions: users-covered net short/investors-sold net long
Trends: higher lows+lower open interest
Trading: flat/decelerated+net buying+resistance prevailing
Targets: 307-264-247-232-207-186-156               =BEARISH
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