Wednesday, April 08, 2015

FARM COMMODITY SETTLEMENTS-CME APR 8/2015 WEDNESDAY
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-flat/lower+supply-lower
Trading: LOWER/ACCELERATING-NET SELLING+AWAY FROM TREND+SUPPORT@373
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 TURNING HIGHER+SUPPLY-HIGHER
Trading:  LOWER/DECELERATING-FLAT OFFSET-AT SUPPORT-POSSIBLE HIGHER LOW 
Targets: 1087-1014-985-959-917-883                  =LESS BEARISH
WHEAT- 35 cent daily limit
Positions/net: users-bought long/investors-sold long
Trends: prices flat+open interest-higher+supply-unchanged
Trading: FLAT-DECELERATING+BUYING@TREND SUPPORT-TEST OF HIGHER LOW 
Targets: 677-606-598-558-553-511-478               =BULLISH
CANADIAN DOLLAR- 4.00 dollar daily limit
POSITIONS/NET: USERS-SOLD SHORT/INVESTORS-COVERED SHORT
Trends: prices-flat+open interest-higher+volume-higher
Trading: LOWER/ACCELERATED-SELLING OFFSET-SPIKED-UNABLE MAKE NEW 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-turned lower
Trading: lower/accelerated-net selling-false reversal-lower high
Targets: 307-264-247-232-207-186-156               =BEARISH

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