Wednesday, February 10, 2016

Farm Commodity Settlements/CME, FEBRUARY 10/2016 WEDNESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING URGENCY DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO PACE TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP/LESS SO-2ND REVISED+OPEN INTEREST UP/MORE-VOLUME DOWN/LESS W/STOCKS FLAT
TRADING: DOWN DECELERATING MATCHED HEDGING POTENTIAL BOTTOM ABOVE 358 
TARGETS: 348  (358-366)  371 383  395    PREMIUM MARKET  LOWER HIGHS  LOWER CLOSES
POSITIONS: USER: NET LONG SOLD NET SHORT, FUND: NET LONG/NEW BOUGHT NET LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: UP//3RD REVISED  OPEN INTEREST UP/MORE  VOLUME DOWN  WORLD STOCKS UP
TRADING: FLAT DECELERATING NET SELLING ABOVE TREND AS SUPPORT INSIDE 871-852 BRAKES ON         
TARGETS: (852-871)  885  896 918  941    PREMIUM MARKET  LOWER HIGHS  LOWER CLOSE
POSITIONS: USER: NET LONG SOLD NET SHORT,  FUND: NET SHORT SOLD NET SHORT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP /3RD REVISED  OPEN INTEREST UP/MORE  VOLUME DOWN  WORLD STOCKS UP    
TRADING: UP+DECELERATION+NET BUYING+TEST OF TREND+OF BOTTOM@456 SUPPORT      
TARGETS: (456-484)  505 521 554 587  PREMIUM MARKET HIGHER LOW  HIGHER CLOSE    
POSITIONS: USER: NET LONG SOLD NET SHORT,  FUND: NET SHORT SOLD NET SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS 1ST REVISED  OPEN INTEREST UP  VOLUME DOWN
TRADING: DOWN+ACCELERATING+NET SELLING+TESTED TREND SUPPORT+CLOSED ABOVE TREND    
TARGETS:  7780  7477  7356  7320  (7250-7073)  6932  6720     LOWER HIGH  LOWER CLOSE 
POSITIONS:: USER: NET  LONG SOLD NET SHORT, FUND NET SHORT COVERED NET SHORT 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: DOWN/MORE SO-2ND REVISED  OPEN INTEREST FLAT  VOLUME DOWN/LESS
TRADING: DOWN+DECELERATED+SELLING 2 SIDES+CLOSED BELOW 104@TREND SUPPORT  
TARGETS: 174  144  132  (121-104-90)   PREMIUM MARKET  LOWER HIGHS FLAT CLOSE
POSITIONS: USER: NET SHORT BOUGHT NET LONG, FUND: NET LONG SOLD NET LONG
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