Tuesday, January 19, 2016

Farm Commodity Settlements/CME, JANUARY 19/2016 TUESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING STRENGTH OF TRADING
TRENDS: LINES OF PROTRUDING ASCENDING LOWS, OF EXCESSIVE DESCENDING HIGHS
TRADING: DAILY MOVE VOLATILITY ACTIVITY RELATIVE TO TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP/MODERATE  OPEN INTEREST UP/LESS  VOLUME DOWN WORLD STOCKS DOWN
TRADING: UP DECELERATED NET BUYING RESISTANCE BELOW 373 SUPPORT@TREND 
TARGETS: 349  (364-373)  378  386  395     BREAKOUT UPSIDE-NEW   HIGHER LOWS
POSITIONS: USER: COVERED NET SHORT, FUND: SOLD NET SHORT= MORE VOLATILE: 
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS:  UP/STEEP  OPEN INTEREST UP/LESS  VOLUME DOWN/LESS  W/STOCKS DOWN
TRADING: UP DECELERATED NET BUYING RESISTANCE@885 TESTED SUPPORT@TREND       
TARGETS: 852  (871-885)  896 918  941       PREMIUM MARKET  HIGHER LOWS   
POSITIONS: USER: SOLD NET SHORT, FUND: BOUGHT NET LONG = LESS VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: DOWN  OPEN INTEREST UP/LESS  VOLUME DOWN/LESS  WORLD STOCKS UP    
TRADING  UP DECELERATING MATCHED RESISTANCE@TREND TESTED SUPPORT ABOVE 466        
TARGETS: 531  503  496  (482-466)  453      RESISTANCE MARKET  THIRD TEST      
POSITIONS: USER:: SOLD NET LONG,  FUND: COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/STEEP  OPEN INTEREST DOWN/LESS  VOLUME DOWN/LESS
TRADING: DOWN DECELERATED MATCHED SELLING SUPPORT@6720 RESISTANCE@TREND   
TARGETS:  7780  7477  7356  7250  7073  (6932-6720)                      LOWER HIGHS   
POSITIONS: : USER: SOLD NET SHORT,  FUND: COVERED NET SHORT == LESS VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN//STEEP  OPEN INTEREST DOWN LESS  VOLUME DOWN/LESS
TRADING: DOWN ACTIVE NET SELLING SUPPORT@90 RESISTANCE@TREND TESTED 
TARGETS: 174  144  132  121  (104-90)  69    PREMIUM MARKET  LOWER HIGHS
POSITIONS: USER: COVERED NET SHORT, FUND: SOLD NET LONG =  NEUTRAL VOLATILITY 
Post a Comment
Google+