Tuesday, February 23, 2016

Farm Commodity Settlements/CME, FEBRUARY 23/2016 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 SUPPLY-DEMAND TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP/LESS-2ND REVISED+OPEN INTEREST DOWN  VOLUME DOWN/LESS W/STOCKS FLAT
TRADING: DOWN+INCREASED+SELLING+ABOVE TREND+RESISTANCE@371 CONTINUES  
TARGETS: 348  358  (366)-371) 383  395    PREMIUM MARKET  LOWER HIGH  LOWER CLOSE
POSITIONS: USER: NET LONG-COVERED NET SHORT, FUND: NET SHORT-SOLD NET SHORT
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: UP/LESS-2ND REVISED OPEN INTEREST UP  VOLUME UP/LESS  W/STOCKS UP
TRADING: DOWN+D\INCREASED+SELLING+THROUGH TREND+RESISTANCE@885 CONTINUES          
TARGETS: 852  (871-885)  896 918  941    PREMIUM MARKET  LOWER HIGH  LOWER CLOSE
POSITIONS: USER: NET LONG-SOLD NET SHORT,  FUND: NET SHORT-BOUGHT NET LONG
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP /LESS OPEN INTEREST DOWN  VOLUME FLAT  WORLD STOCKS UP    
TRADING: DOWN+INCREASED+SELLING+TEST OF TREND+TO/CLOSED@455 LOW SUPPORT    
TARGETS: (455-470)  481  490  507  525  PREMIUM MARKET  LOWER HIGHS  LOWER CLOSE    
POSITIONS: USER: NET LONG-SOLD NET SHORT,  FUND: NET SHORT-BOUGHT NET LONG=EVEN
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS 2ND REVISED  OPEN INTEREST DOWN/MORE  VOLUME DOWN
TRADING: DOWN+INCREASING+NET SELLING+THROUGH TREND+TESTED/CLOSED BELOW 7250     
TARGETS:  7780  7477  7356  (7320-7250)  7073) 6932  6720     LOWER HIGHS  LOWER CLOSE 
POSITIONS:: USER: NET  LONG-SOLD NET SHORT, FUND NET SHORT-COVERED NET SHORT 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN/LESS 3RD REVISED  OPEN INTEREST UP  VOLUME DOWN/MORE
TRADING: DOWN+INCREASING+NET SELLING+THROUGH TREND+BELOW SUPPORT@104   
TARGETS: 174  144  132  (121-104)  90   PREMIUM MARKET  LOWER HIGHS  LOWER CLOSE
POSITIONS: USER: NET SHORT-SOLD NET SHORT , FUND: NET LONG-SOLD NET SHORT
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