Tuesday, January 26, 2016

Farm Commodity Settlements/CME, JANUARY 25/2016 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/LESS  OPEN INTEREST DOWN  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: FLAT NARROWED MATCHED SELLING BELOW TREND+RESISTANCE@371   
TARGETS: 348  358  (366-371)  383  395       HIGHER LOWS FLAT HIGHS
POSITIONS: USER: SOLD NET SHORT, FUND: COVERED NET SHORT= LESS VOLATILE: 
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS:  UP/LESS  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: FLAT NARROWED NET SELLING TESTED-CLOSED BELOW TREND+ABOVE 871        
TARGETS: 852  (871-885)  896 918  941   PREMIUM MARKET  FLAT HIGHS = RESISTANCE   
POSITIONS: USER: SOLD NET SHORT, FUND: COVERED NET NET = LESS VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP/NEW  OPEN INTEREST FLAT  VOLUME DOWN/LESS  WORLD STOCKS UP    
TRADING: UP NET BUYING NO CHANGE @NEW TREND AS SUPPORT CLOSED ABOVE 484          
TARGETS: (456-484-505) 521 554 587  PREMIUM MARKET  HIGHER LOWS NEW HIGH   
POSITIONS: USER:: SOLD NET SHORT,  FUND: SOLD NET LONG = FLAT VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS  OPEN INTEREST FLAT  VOLUME DOWN
TRADING: UP WIDENED BUYING TESTED-CLOSED ABOVE RESISTANCE@7073 BELOW TREND 
TARGETS:  7780  7477  7356  (7250-7073-6932)  6720            
POSITIONS: : USER: BOUGHT NET LONG,  FUND: SOLD NET LONG == MORE VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN  OPEN INTEREST UP  VOLUME DOWN
TRADING: DOWN NARROWED NET BUYING RESISTANCE BELOW TREND/104 TARGET
TARGETS: 174  144  132  121  (104-90)  69    PREMIUM MARKET  ROUNDED TOP
POSITIONS: USER: SOLD NET SHORT, FUND: SOLD NET SHORT =  FLAT VOLATILITY 

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