Friday, April 03, 2015

FARM COMMODITY SETTLEMENTS-CME APR 2/2015 THURSDAY
Markets-price supply/demand during relative strength trading
Trends: monthly, direction-lower=highs lower, higher=lows higher
Trading: weekly, 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: highs lower+open interest-higher+supply-lower
Trading: UP-HIGHER LOW RECOVERING FROM STRONG RESISTANCE SELLING @TREND
TARGETS: 419-392-382-373-359-347                                 =BEARISH                               
SOYBEANS- 70 cent daily limit
Positions/net: users-sold short/investors-accumulated long
Trends: HIGHS LOWER+OPEN INTEREST HIGHER/REVERSING+SUPPLY-HIGHER
Trading: UP-HIGHER LOW MAKING NEW HIGH @TREND-RESISTANCE PREVAILING 
Targets: 1087-1014-985-959-917-883                  =BEARISH
WHEAT- 35 cent daily limit
Positions/net: users-accumulated long/investors-liquidated long
Trends: highs-flat+open interest-higher+supply-unchanged
Trading: UP-HIGHER LOW+1ST STAGE TEST OF RESISTANCE AT MAJOR TREND+OLD HIGHS
Targets: 677-606-598-558-553-511-478               =BULLISH SIGNAL
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-LIQUIDATED LONG/INVESTORS-COVERED SHORT
Trends: highs-lower+open interest-reversing up+volume-flat
Trading: UP-HIGHER LOW+RECOVERING FROM+AGAIN TESTING RESISTANCE AT TREND
Targets: 7808-8090-8316-8485-8823-9161           =BEARISH   
HEATING OIL- 25 cent daily limit
Positions/net: users-covered short/investors-liquidated long
Trends: highs-lower+open interest-lower
Trading: down-highs continue to meet resistance at trend
Targets: 307-264-247-232-207-186-156               =LESS BULLISH

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