Farm Commodity Settlements/CME, FEBRUARY 2/2016 TUESDAY
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/LESS VOLUME FLAT W/STOCKS DOWN
TRADING: FLAT BUYING/PART SELLING+DOUBLE RESISTANCE@371+HIGHS=WEAK MOVE
TARGETS: 348 358 (366-371) 383 395 PREMIUM MARKET HIGHER LOWS
POSITIONS: USER: SOLD NET SHORT, FUND: COVERED NET SHORT= LESS ACTIVITY
SOYBEANS: 70 CENT DAILY TRADING LIMIT
TRENDS: UP//MORE SO-1ST REVISED OPEN INTEREST UP VOLUME DOWN W/STOCKS DOWN
TRADING: UP BUYING/PARTIAL SELLING+WITH DOUBLE RESISTANCE@885+HIGHS=WEAK MOVE
TARGETS: 852 (871-885) 896 918 941 PREMIUM MARKET HIGHER LOWS
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: UP MATCHED SELLING+WITH DOUBLE RESISTANCE@484+TREND=WEAK MOVE
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: FLAT LESS ACTIVE NET SELLING TESTED TREND RESISTANCE UNABLE BREAKOUT
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/ OPEN INTEREST FLAT VOLUME DOWN
TRADING: DOWN NET SELLING RESISTANCE@104+TESTED CLOSED BELOW TREND SUPPORT
TARGETS: 86 (103-116) 126 145 165 PREMIUM MARKET LOWER HIGHS
POSITIONS: USER: SOLD NET LONG, FUND: COVERED NET SHORT = OFFSET ACTIVITY
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