Saturday, March 28, 2015

FARM COMMODITY SETTLEMENTS-CME MAR 27/2015 FRIDAY
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/net: users-sold short/investors-covered short
Trends: lower highs+flat/higher open interest+supply-down
Trading: FLAT/DECELERATING+EVEN OFFSET+RESISTANCE AT 392+TREND PREVAILS
TARGETS: 419-392-382-373-359-347                                =BEARISH                               
SOYBEANS- 70 cent daily limit
Positions/net: users-sold short/investors-accumulated long
Trends: LOWER HIGHS+HIGHER OPEN INTEREST+SUPPLY-UP
Trading: LOWER/ACCELERATING+NET SELLING+SUPPORT@MID CHANNEL+@959 
Targets: 1087-1014-985-959-917-883                  =BEARISH
WHEAT- 35 cent daily limit
Positions/net: users-accumulated long/investors-liquidated long
Trends: flat highs/flat lows+flat open interest+supply-unchanged
Trading: FLAT/DECELERATING+BUYING+UNABLE CONFIRM MOVE THROUGH 511 SUPPORT
Targets: 677-606-598-558-553-511-478             =CONSOLIDATION
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-LIQUIDATED LONG/INVESTORS-COVERED SHORT
Trends: lower highs/flat open interest+flat volume
Trading: LOWER/ACCELERATED+ SELLING+CONFIRMED THROUGH DOUBLE SUPPORT
Targets: 7808-8090-8316-8485-8823-9161           =BEARISH   
HEATING OIL- 25 cent daily limit
Positions/net: users-covered short/investors-liquidated long
Trends: higher lows+lower open interest
Trading: flat/decelerating+selling+break-out not confirmed
Targets: 307-264-247-232-207-186-156               =LESS BULLISH

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