Tuesday, March 08, 2016

Farm Commodity Settlements/CME, MARCH 8/2016 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-3RD REVISED+OPEN INTEREST UP+VOLUME MODERATE+WORLD STOCKS FLAT
TRADING: FLAT/DAY 1+INCREASING+NET BUYING+ON TREND SUPPORT+CLOSED ABOVE 358  
TARGETS: (348-358-366)  371  383  395      PREMIUM MARKET  FLAT HIGHS+LOWS  HIGHER CLOSE      
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT,  FUND/SHORT SOLD SHORT
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/LESS-3RD REVISED+OPEN INTEREST-UP/LESS+VOLUME MEDIUM+W/STOCKS-UP 
TRADING: DOWN/DAY 1+INCREASED+NET BUYING+COVERING+RESISTANCE@TREND+885
TARGETS: 852  (871-885)  896  918  941    PREMIUM MARKET  LOWER HIGH  HIGHER CLOSE
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT, FUND/SHORT SOLD SHORT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP+OPEN INTEREST DOWN+VOLUME HIGH+WORLD STOCKS UP    
TRADING: DOWN/DAY 1+INCREASING+NET BUYING+@RESISTANCE@PREVIOUS HIGHS+466    
TARGETS: 531  503  492  482  (466-453)-433  PREMIUM MARKET  LOWER HIGH  HIGHER CLOSE    
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT, FUND/SHORT SOLD SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS 3RD REVISED+ OPEN INTEREST UP+VOLUME MODERATE
TRADING: FLAT/DAY 1+DECREASED+SELLING+@TREND AS SUPPORT+CLOSED BELOW 7477       
TARGETS:  (7780-7477-7356)  7320  7250  7073  6932  6720   POINT OF MAJOR RESISTANCE 
POSITIONS:: NET SPREADS NARROW'D, USER/LONG SOLD SHORT, FUND/SHORT COVER'D SHORT 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/1ST REVISED LESS+OPEN INTEREST UP/MORE+VOLUME MODERATE
TRADING: UP/DAY 2+DECREASED+NET SELLING+ABOVE TREND+116+OVERBOUGHT  
TARGETS: 86  103  (116-126)  145  165   PREMIUM MARKET  HIGHER LOWS  LOWER CLOSE
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT, FUND/SHORT SOLD LONG
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