Farm Commodity Settlements/CME, FEBRUARY 16/2016 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 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/MORE-VOLUME DOWN/LESS W/STOCKS FLAT
TRADING: UP+ACCELERATING+BUYING+TREND SUPPORT COMPLETING A ROUNDED BOTTOM
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 DOWN/LESS W/STOCKS UP
TRADING: UP/1ST LEG+ACCELERATED+NET BUYING TESTED/CLOSED ABOVE TREND BELOW 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: DOWN/LESS/3RD REVISED OPEN INTEREST UP/MORE VOLUME FLAT W/STOCKS UP
TRADING: FLAT/CONSOLIDATING BOTTOM+DECELERATING+NET BUYING+MET RESISTANCE@HIGH
TARGETS: 531 503 492 482 (466-453) PREMIUM MARKET HIGHER LOW HIGHER CLOSE
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 1ST REVISED OPEN INTEREST UP VOLUME DOWN
TRADING: UP/REVERSAL+ACCELERATED+SELLING@TREND RESISTANCE PREVAILED+CLOSED BELOW 7250
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 VOLUME DOWN/LESS
TRADING: UP+ACCELERATION+SELLING+TREND RESISTANCE PREVAILED+CLOSED BELOW 104
TARGETS: 174 144 132 (121-104-90) PREMIUM MARKET HIGHER LOW LOWER CLOSE
POSITIONS: USER: NET SHORT COVERED NET SHORT , FUND: NET LONG BOUGHT NET LONG
Tuesday, February 16, 2016
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