Monday, April 06, 2015

FARM COMMODITY SETTLEMENTS-CME APR 6/2015 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-sold short/investors-covered short
Trends: prices lower+open interest-higher+supply-lower
Trading: HIGHER/FLAT-DECELERATING-OFFSET TRADING AT TREND RESISTANCE
TARGETS: 419-392-382-373-359-347                                 =BEARISH                               
SOYBEANS- 70 cent daily limit
Positions/net: users-bought long/investors-sold short
Trends: PRICES LOWER+OPEN INTEREST HIGHER/REVERSING+SUPPLY-HIGHER
Trading:  LOWER-SELLING-REVERSAL SIGNAL-RESISTANCE AT TREND PREVAILING 
Targets: 1087-1014-985-959-917-883                  =BEARISH
WHEAT- 35 cent daily limit
Positions/net: users-bought long/investors-sold long
Trends: prices higher+open interest-higher+supply-unchanged
Trading: FLAT/DECELERATING+1RESISTANCE AT MAJOR TREND+OLD HIGHS HOLDING
Targets: 677-606-598-558-553-511-478               =BEARISH SIGNAL
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-SOLD SHORT/INVESTORS-COVERED SHORT
Trends: prices-lower+open interest-reversing up+volume-lower
Trading: HIGHER/FLAT+AGAIN TESTING RESISTANCE AT TREND +MAKING A LOWER HIGH
Targets: 7808-8090-8316-8485-8823-9161           =BEARISH   
HEATING OIL- 25 cent daily limit
Positions/net: users-covered short/investors-bought long
Trends: prices-lower+open interest-lower
Trading: higher/reversal -accelerating-buying-through resistance
Targets: 307-264-247-232-207-186-156               =BULLISH SIGNAL

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