Saturday, January 30, 2016

Farm Commodity Settlements/CME, JANUARY 29/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING ACTIVITY OF TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVE MORE/LESS SO OF ACTIVITY RELATIVE TO TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP/LESS SO-1ST REVISED  OPEN INTEREST UP  VOLUME UP  WORLD STOCKS DOWN
TRADING: UP SELLING@371 SLOWING MOVE VOLUME+OPEN INTEREST SHOWING STRENGTH
TARGETS: 348  358  (366-371)  383  395    PREMIUM MARKET    FLAT HIGHS 
POSITIONS: USER: SOLD NET SHORT,  FUND: COVERED NET SHORT= LESS ACTIVITY
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: UP/LESS SO-2ND REVISED  OPEN INTEREST UP  VOLUME DOWN  W/STOCKS DOWN
TRADING:  SELLING@885 STOPPING MOVE UP ONLY OPEN INTEREST SHOWING STRENGTH        
TARGETS: 852  (871-885)  896 918  941    PREMIUM MARKET   LOWER HIGHS  
POSITIONS: USER: BOUGHT NET LONG, FUND: COVERED NET SHORT = LESS ACTIVITY
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP /LESS SO-1ST REVISED  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS UP    
TRADING: SELLING@484 SLOWING MOVE UP ONLY OPEN INTEREST SHOWING STRENGTH      
TARGETS: (456-484)  505 521 554 587  PREMIUM MARKET  HIGHER LOWS   
POSITIONS: USER:: SOLD NET LONG,  FUND: COVERED NET SHORT = LESS ACTIVITY
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN  OPEN INTEREST DOWN  VOLUME DOWN
TRADING: BUYING ABOVE 7073 IS SHOWING STRENGTH AT TREND GREATER THAN OPEN INTEREST  
TARGETS:  7780  7477  7356  (7250-7073)  6932  6720            HIGHER LOWS
POSITIONS: : USER: SOLD NET SHORT,  FUND: SOLD NET LONG == ACTIVE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/2ND LEG  OPEN INTEREST FLAT  VOLUME FLAT
TRADING: BUYING ABOVE 103/TREND + OPEN INTEREST VOLUME SHOWING STRENGTH
TARGETS: 86  (103-116)  126  145  165      PREMIUM MARKET   HIGHER LOWS OVERBOUGHT
POSITIONS: USER: SOLD NET LONG, FUND: COVERED NET SHORT =  OFFSET ACTIVITY 
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