Wednesday, February 17, 2016

Farm Commodity Settlements/CME, FEBRUARY 17/2016 WEDNESDAY
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-VOLUME DOWN WORLD STOCKS FLAT
TRADING: UP+ACCELERATING+BUYING+TESTED/CLOSED ABOVE 366+@RESISTANCE  
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 FLAT  WORLD STOCKS UP
TRADING: UP+DECELERATED+NET BUYING+BREAKOUT CONFIRMED ABOVE TREND+MET 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: UP/NEW  OPEN INTEREST UP/FLAT  VOLUME FLAT  W/STOCKS UP    
TRADING: UP+ACCELERATION+BUYING+BREAKOUT CONFIRMED+ABOVE 3RD REVISED+@OLD LOWS    
TARGETS: (456-484)  505  521  554 587  PREMIUM MARKET  HIGHER LOWS  HIGHER CLOSES    
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 2ND REVISED  OPEN INTEREST DOWN/MORE  VOLUME DOWN
TRADING: UP+ACCELERATION+NET BUYING+TESTED RESISTANCE@TREND+CLOSED BELOW 7320     
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/TOPPING  VOLUME DOWN/LESS
TRADING: UP+ACCELERATION+NET BUYING+RESISTANCE@TREND TESTED+CLOSED ABOVE  
TARGETS: 174  144  132  (121-104-90)   PREMIUM MARKET  LOWER HIGH HIGHER CLOSE
POSITIONS: USER: NET SHORT COVERED NET SHORT , FUND: NET LONG BOUGHT NET LONG
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