Farm Commodity Settlements/CME, FEBRUARY 18/2016 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO 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-VOLUME DOWN/LESS WORLD STOCKS FLAT
TRADING: UP+DECELERATION+BUYING+RESISTANCE@LATE JAN LOWS+@366+ABOVE TREND
TARGETS: 348 358 (366)-371) 383 395 PREMIUM MARKET HIGHER LOWS LOWER 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: FLAT+DECELERATION+NET SELLING+RESISTANCE@LATE JAN HIGHS+885+CLOSED@TREND
TARGETS: 852 (871-885) 896 918 941 PREMIUM MARKET HIGHER LOWS LOWER CLOSE
POSITIONS: USER: NET LONG BOUGHT NET LONG, FUND: NET SHORT SOLD NET SHORT
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP OPEN INTEREST DOWN VOLUME FLAT WORLD STOCKS UP
TRADING: DOWN+ACCELERATION+SELLING+RESISTANCE@OLD LOWS+TESTED TREND+CLOSD BELOW
TARGETS: (456-484) 505 521 554 587 PREMIUM MARKET LOWER HIGH LOWER 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 2ND REVISED OPEN INTEREST DOWN/MORE VOLUME DOWN
TRADING: UP+DECELERATION+NET SELLING+SUPPORT@TREND+CLOSED BELOW 7320@TREND
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/TOPPING VOLUME DOWN/LESS
TRADING: UP+ACCELERATION+NET SELLING+SUPPORT/CLOSED@TREND+NO BREAKOUT
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
Thursday, February 18, 2016
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