Saturday, April 18, 2015

FARM COMMODITY SETTLEMENTS-CME APR 17/2015 FRIDAY
Markets-price supply/demand during relative strength trading
Trends: in hi/lo channels, lower/lower highs, higher/higher lows
Trading: weekly, move/momentum+activity+prevailing strength
Targets: projected price objectives of both moves and trend
CORN- 25 cent daily limit
Positions/net: users-bought long/investors-sold short
Trends: prices/lower+open interest/down+projected supply/up
Trading: UP/MIXED+OFFSET+IN UPPER HALF OF NARROW CHANNEL+APPROACHING THE HIGH
TARGETS: 419-392-382-373-359-347                           =LESS BEARISH                               
SOYBEANS- 70 cent daily limit
Positions/net: users-bought long/investors+sold short
Trends: PRICES/LOWER+OPEN INTEREST/DOWN+PROJECTED SUPPLY/VIRTUALLY UNCHANGED
Trading:  UP/DECELERATED+MIXED+BELOW LOWER HIGH IN LOWER HALF OF CHANNEL-
Targets: 1087-1014-985-959-917-883                  =BEARISH
WHEAT- 35 cent daily limit
Positions/net: users-bought long/investors-sold short
Trends: prices/down-flat+open interest/up+projected supply/same
Trading: DOWN-FLAT/DECELERATED+MIXED+MAKING A BOTTOM AT LOW OF CHANNEL 
Targets: 677-606-598-558-553-511-478               =LESS BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-SOLD SHORT/INVESTORS-SOLD SHORT-VIRTUALLY NO CHANGE
Trends: prices/lower+open interest/up+volume-up
Trading: UP/DECELERATED-SELLING+RESISTANCE AT HIGH OF CHANNEL PREVAILED
Targets: 7781-8049-8250-8406-8719-9031           =LESS BULLISH  
HEATING OIL- 25 cent daily limit
Positions/net: users-covered short/investors-bought long
Trends: prices/lower+open interest/down
Trading: UP/DECELERATED-SELLING+RESISTANCE AT HIGH OF CHANNEL PREVAILED-
Targets: 307-264-247-232-207-186-156                =LESS BULLISH

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