Wednesday, April 29, 2015

FARM COMMODITY SETTLEMENTS-CME APR 30/2015 THURSDAY
Markets: price supply-demand during relative strength trading
Trends: join prices, highs with highs, lows with lows, giving direction
Trading: daily move, momentum, activity, prevailing strength
Targets: projected price objectives of both move and trading
CORN:  -25 cent daily limit, 30 cents may 1/2015
Trends: price-down, open interest-down, volume-down, supply-up
Trading: up, accelerated, net buying, testing resistance@382
Targets: 419-392-385-373-359-347                =oversold
Commitments-net change: users divested short, funds-invested short
SOYBEANS: -70 cent limit
Trends: price-down, open interest-down, volume-down, supply-even
Trading: flat, accelerated, buying, testing resistance@985
Targets: 1087-1014-985-959-917-983            =oversold
Commitments-net change: users-divested long, funds-divested short
WHEAT: -35 cent limit, 40 cents may 1/2015
Trends: price-down, open interest-down, volume-down, supply-even
Trading: up, decelerated, buying, 478 support-to resistance@trend
Targets: 677-606-598-558-553-511-478         =maintaining trend
Commitments-net change: users-divested short, funds invested short
CANADIAN DOLLAR -4.00 dollar daily limit
Trends: price-up, open interest-up, volume-up
Trading: up, accelerated, net buying, met good resistance at 8365
Targets: 7781-8048-8250-8365-8406-8719     =overbought
Commitments-net change: users-invested short, funds-divested short
HEATING OIL (ULSD) -25 cent limit
Trends; price-up, open interest-down, volume-up
Trading: up, accelerated, buying, testing resistance at trend
Targets: 159-187-214-232-269-306                  =struggling with trend
Commitments: users-divested long, investors divested short

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