Thursday, February 11, 2016

Farm Commodity Settlements/CME, FEBRUARY 11/2016 THURSDAY
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/LESS-VOLUME DOWN WORLD STOCKS FLAT
TRADING: FLAT ACCELERATED  MATCHED SELLING POTENTIAL BOTTOM ABOVE 358+TREND 
TARGETS: 348  (358-366)  371 383  395    PREMIUM MARKET  FLAT LOWS  FLAT 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/LESS  VOLUME DOWN  WORLD STOCKS UP
TRADING: UP ACCELERATING NET BUYING ABOVE TREND SUPPORT TESTED/CLOSED ABOVE 871         
TARGETS: (852-871)  885  896 918  941    PREMIUM MARKET  HIGHER LOWS  HIGHER CLOSE
POSITIONS: USER: NET LONG SOLD NET SHORT,  FUND: NET SHORT SOLD NET SHORT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: DOWN/3RD REVISED  OPEN INTEREST UP/MORE  VOLUME DOWN  W/STOCKS UP    
TRADING: UP+ACCELERATION+OFFSET SELLING+TESTED/CLOSED BELOW TREND RESISTANCE@456      
TARGETS: 531  503  492  482  (466-453)  PREMIUM MARKET HIGHER LOWS  LOWER 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 FLAT  VOLUME UP
TRADING: DOWN+ACCELERATING+OFFSET BUYING+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 UP  VOLUME DOWN/LESS
TRADING: DOWN+DECELERATED+BUYING+CLOSED BELOW 104 ABOVE TREND SUPPORT  
TARGETS: 174  144  132  (121-104-90)   PREMIUM MARKET  LOWER HIGHS HIGHER CLOSE
POSITIONS: USER: NET SHORT BOUGHT NET LONG, FUND: NET LONG SOLD NET LONG
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