Wednesday, April 22, 2015

FARM COMMODITY SETTLEMENTS-CME APR 22/2015 WEDNESDAY
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/down+open interest/down+volume/down+supply/up
Trading: DOWN/DECELERATING+OFFSET+LOWER HIGH+DRIFTING TO SUPPORT AT 373  
TARGETS: 419-392-382-373-359-347                                  =SLOW BEARISH                               
SOYBEANS- 70 cent daily limit
Positions/net: users-bought long/investors+sold short
Trends: PRICES/DOWN+OPEN INTEREST/DOWN-FLAT+VOLUME/FLAT+SUPPLY/UNCHANGED
Trading:  DOWN/ACCELERATED+NET SELLING+LOWER HIGH+SUPPORT AT 959
Targets: 1087-1014-985-959-917-883                  =BEARISH
WHEAT- 35 cent daily limit
Positions/net: users-bought long/investors-sold short
Trends: prices/down+open interest/down+volume/down+supply/(=)
Trading: FLAT/DECELERATED+OFFSET+WEAK TEST OF MAJOR RESISTANCE AT CHANNEL HIGH 
Targets: 677-606-598-558-553-511-478               =BEARISH
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-SOLD SHORT/INVESTORS-SOLD SHORT-VIRTUALLY NO CHANGE
Trends: prices/down+open interest/up+volume-down
Trading: UP/DECELERATED-NET BUYING+RESISTANCE PREVAILED+HIGHER LOW
Targets: 8931-8545-8391-8256-8030-7850           =TEST OF BEARISH  
HEATING OIL- 25 cent daily limit
Positions/net: users-covered short/investors-bought long
Trends: prices/down+open interest/down-turning+volume/flat
Trading: DOWN/UNCHANGED-MIXED+SUPPORT AT 186 PREVAILED-3RD DAY-BOTTOM SIGNAL
Targets: 307-264-247-232-207-186-156                =TEST OF BEARISH
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