Farm Commodity Settlements/CME, FEBRUARY 1/2016 MONDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING ACTIVITY OF TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVE MORE/LESS SO OF ACTIVITY RELATIVE TO TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT
TRENDS: UP/LESS SO-1ST REVISED OPEN INTEREST UP VOLUME UP WORLD STOCKS DOWN
TRADING: FLAT LESS ACTIVE BUYING UPSIDE OF TREND-RESISTANCE AT 371 HELD AGAIN
TARGETS: 348 358 (366-371) 383 395 PREMIUM MARKET FLAT HIGHS
POSITIONS: USER: SOLD NET SHORT, FUND: COVERED NET SHORT= LESS ACTIVITY
SOYBEANS: 70 CENT DAILY TRADING LIMIT
TRENDS: UP/LESS SO-2ND REVISED OPEN INTEREST UP VOLUME DOWN W/STOCKS DOWN
TRADING: FLAT LESS ACTIVE NET SELLING ABOVE TREND RESISTANCE@885 NOT EVEN TESTED
TARGETS: 852 (871-885) 896 918 941 PREMIUM MARKET LOWER HIGHS
POSITIONS: USER: BOUGHT NET LONG, FUND: COVERED NET SHORT = LESS ACTIVITY
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP /LESS SO-1ST REVISED OPEN INTEREST UP VOLUME DOWN WORLD STOCKS UP
TRADING: FLAT LESS ACTIVE MATCHED BUYING BELOW TREND NOW THE POINT OF RESISTANCE
TARGETS: (456-484) 505 521 554 587 PREMIUM MARKET HIGHER LOWS
POSITIONS: USER:: SOLD NET LONG, FUND: COVERED NET SHORT = LESS ACTIVITY
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE DOWN OPEN INTEREST DOWN VOLUME DOWN
TRADING: UP MORE ACTIVE NET BUYING NEXT RESISTANCE@LAST PREVIOUS HIGH TEST OF 7250
TARGETS: 7780 7477 7356 (7250-7073) 6932 6720 HIGHER LOWS
POSITIONS: : USER: SOLD NET SHORT, FUND: SOLD NET LONG == ACTIVE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/2ND LEG OPEN INTEREST UP VOLUME DOWN
TRADING: FLAT MORE ACTIVE SELLING ABOVE TREND ALSO 103 BOTH AS SUPPORT
TARGETS: 86 (103-116) 126 145 165 PREMIUM MARKET HIGHER LOWS
POSITIONS: USER: SOLD NET LONG, FUND: COVERED NET SHORT = OFFSET ACTIVITY
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