Tuesday, April 14, 2015

FARM COMMODITY SETTLEMENTS-CME APR 14/2015 TUESDAY
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-covered-short/investors-sold-out long
Trends: prices lower+open interest-up+projected supply-up
Trading: FLAT/CONSTANT-BUYING+TESTING SUPPORT AT LEVEL OF PREVIOUS LOW+373
TARGETS: 419-392-382-373-359-347                             =BEARISH                               
SOYBEANS- 70 cent daily limit
Positions/net: users-sold short/investors+others-covered short
Trends: PRICES LOWER+OPEN INTEREST UP+PROJECTED SUPPLY-VIRTUALLY UNCHANGED
Trading:  UP/ACCELERATING-BUYING-SUPPORT AT PREVIOUS LOW+RESISTANCE AT 959 
Targets: 1087-1014-985-959-917-883                  =BEARISH
WHEAT- 35 cent daily limit
Positions/net: users-sold short/investors-bought long
Trends: prices lower+open interest-up+projected supply-same
Trading: DOWN/DECELERATED+SELLING+THROUGH/TESTING SUPPORT@PREVIOUS LOW 
Targets: 677-606-598-558-553-511-478               =LESS BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-SOLD SHORT/INVESTORS-COVERED SHORT
Trends: prices-lower+open interest-up+volume-flat
Trading: UP/ACCELERATED-BUYING+TESTING TREND RESISTANCE+8049 LAST HIGH
Targets: 7781-8049-8250-8406-8719-9031           =BULLISH SIGNAL  
HEATING OIL- 25 cent daily limit
Positions/net: users-covered short/investors-sold short
Trends: prices-lower+open interest-down/flat
Trading: UP/DECELERATING-NET BUYING-TESTING RESISTANCE @OLD HIGH+TREND 
Targets: 307-264-247-232-207-186-156               =BULLISH SIGNAL
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