Monday, April 13, 2015

FARM COMMODITY SETTLEMENTS-CME APR 13/2015 MONDAY
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-turned down+projected supply-up
Trading: LOWER/FLAT-SELLING+THROUGH TESTING SUPPORT@373 AND PREVIOUS LOW
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:  FLAT/DECELERATING-OFFSET SELLING-MET BUYING SUPPORT AT TREND-LINE 
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-turned lower+14/15 supply-same
Trading: LOWER/ACCELERATED+SELLING BOTH SIDES+THROUGH SUPPORT@511+TREND 
Targets: 677-606-598-558-553-511-478               =LESS BULLISH
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-SOLD SHORT/INVESTORS-COVERED SHORT
Trends: prices-lower+open interest-up+volume-mixed
Trading: HIGHER/SAME-OFFSET BUYING+THROUGH TREND-RESISTANCE+HIGHER LOW
Targets: 7808-8090-8316-8485-8823-9161           =BULLISH SIGNAL   
HEATING OIL- 25 cent daily limit
Positions/net: users-covered short/investors-sold short
Trends: prices-lower+open interest-lower
Trading: HIGHER/DECELERATING-NET BUYING-RESISTANCE AT TREND-LINE AND PREVIOUS HIGH 
Targets: 307-264-247-232-207-186-156               =LESS BULLISH
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