Tuesday, February 16, 2016

Farm Commodity Settlements/CME, FEBRUARY 16/2016 TUESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED 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: UP+ACCELERATING+BUYING+TREND SUPPORT COMPLETING A ROUNDED BOTTOM  
TARGETS: 348  (358-366)  371 383  395    PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE
POSITIONS: USER: NET LONG COVERED NET SHORT, FUND: NET SHORT/NEW SOLD NET SHORT
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: UP//MORE 2ND REVISED OPEN INTEREST UP/MORE VOL DOWN/LESS W/STOCKS UP
TRADING: UP/1ST LEG+ACCELERATED+NET BUYING TESTED/CLOSED ABOVE TREND BELOW 885         
TARGETS: 852  871-885)  896 918  941    PREMIUM MARKET  HIGHER LOWS  HIGHER CLOSE
POSITIONS: USER: NET LONG BOUGHT NET LONG,  FUND: NET SHORT SOLD NET SHORT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: DOWN/LESS/3RD REVISED  OPEN INTEREST UP/MORE  VOLUME FLAT  W/STOCKS UP    
TRADING: FLAT/CONSOLIDATING BOTTOM+DECELERATING+NET BUYING+MET RESISTANCE@HIGH      
TARGETS: 531  503  492  482  (466-453)  PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE    
POSITIONS: USER: NET LONG BOUGHT NET LONG,  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: UP/REVERSAL+ACCELERATED+SELLING@TREND RESISTANCE PREVAILED+CLOSED BELOW 7250    
TARGETS:  7780  7477  7356  7320  (7250-7073)  6932  6720     HIGHER LOWS  LOWER CLOSE 
POSITIONS:: USER: NET  LONG SOLD NET SHORT, FUND NET SHORT COVERED NET SHORT 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: DOWN/LESS SO-3RD REVISED  OPEN INTEREST UP  VOLUME DOWN/LESS
TRADING: UP+ACCELERATION+SELLING+TREND RESISTANCE PREVAILED+CLOSED BELOW 104  
TARGETS: 174  144  132  (121-104-90)   PREMIUM MARKET  HIGHER LOW LOWER CLOSE
POSITIONS: USER: NET SHORT COVERED NET SHORT , FUND: NET LONG BOUGHT NET LONG

No comments:

Google+