Thursday, March 31, 2016

Farm Commodity Settlements/CME, MARCH 31/2016 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO: DIRECTION, VOLATILITY, ACTIVITY, TRENDS, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP (GRADUAL)+OPEN INTEREST FLAT+VERY HIGH VOLUME+WORLD STOCKS DOWN
TRADING: DOWN+MORE+SUSPECT SELLING SHORT+SUPPORT@/CLOSED ABOVE 348 YEARLY LOW  
TARGETS: (348-358-366)  371  383  395  PREMIUM MARKET  LOWER HIGH  LOWER CLOSE       
POSITIONS: USER (LONG)-SOLD NET SHORT,  FUND (SHORT)-COVERED SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP (GRADUAL)+OPEN INTEREST-UP (LESS)+HIGH VOLUME+W/STOCKS-DOWN 
TRADING: DOWN+MORE+MATCHED NET BUYING+SUPPORT MET@896+CLOSED ABOVE TREND  
TARGETS: 852  871  885  (896-918)  941 PREMIUM MARKET   LOWER HIGH  HIGHER CLOSE  
POSITIONS: USER (NOW SHORT)-SOLD SHORT, FUND (LONG)-BOUGHT NET LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP (MODERATE)+OPEN INTEREST DOWN+MODERATE VOLUME+WORLD STOCKS UP    
TRADING: DOWN+MORE+NET BUYING+RESISTANCE@468 TESTED+CLOSED ABOVE 468+TREND 
TARGETS: (442-468-488)  503  533  562    PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE     
POSITIONS: USER (LONG)-BOUGHT NET LONG, FUND (SHORT)-SOLD NET SHORT = MORE VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: UP (STEEP)+ OPEN INTEREST DOWN (LESS)+MODERATE VOLUME
TRADING: UP+MORE+MATCHED NET SELLING+RESISTANCE@YEARLY HIGH OF 7791+CLOSED ABOVE 7650    
TARGETS:  6810  7170  7440  (7650-8010)  8490   HIGHER LOW  LOWER CLOSE
POSITIONS:: USER (LONG)-SOLD NET LONG, FUND (SHORT)-COVERED NET SHORT = LESS VOLATILE 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP (MODERATE)+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+FLAT+NET BUYING+RESISTANCE@TREND+SUPPORT@116
TARGETS: 86  103  (116-126)  145  165   PREMIUM MARKET  LOWER HIGH  HIGHER CLOSE
POSITIONS:USER (SHORT)-SOLD NET SHORT, FUND (SHORT) COVERED NET SHORT = LESS VOLATILE
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