Farm Commodity Settlements/CME, FEBRUARY 24/2016 WEDNESDAY
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-2ND REVISED+OPEN INTEREST DOWN VOLUME FLAT WORLD STOCKS FLAT
TRADING: DOWN+DECREASED+SELLING+ABOVE TREND+CLOSED BELOW SUPPORT@366
TARGETS: 348 (358-366-371) 383 395 PREMIUM MARKET LOWER HIGHS LOWER CLOSES
POSITIONS: USER: NET LONG-COVERED NET SHORT, FUND: NET SHORT-SOLD NET SHORT
SOYBEANS: 70 CENT DAILY TRADING LIMIT
TRENDS: UP/LESS-3RD REVISED OPEN INTEREST DOWN VOLUME UP/LESS W/STOCKS UP
TRADING: DOWN+DECREASED+MATCHED BUYING+BREAKOUT+SUPPORT@371+CLOSED ABOVE
TARGETS: 852 (871-885) 896 918 941 PREMIUM MARKET LOWER HIGHS LOWER CLOSE
POSITIONS: USER: NET LONG-SOLD NET SHORT, FUND: NET SHORT-BOUGHT NET LONG
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP /LESS OPEN INTEREST DOWN/LESS VOLUME FLAT WORLD STOCKS UP
TRADING: DOWN+DECREASED+NET SELLING+TEST OF LOW+CLOSED BELOW 455
TARGETS: (455-470) 481 490 507 525 PREMIUM MARKET LOWER HIGHS LOWER CLOSES
POSITIONS: USER: NET LONG-SOLD NET SHORT, FUND: NET SHORT-BOUGHT NET LONG=EVEN
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE DOWN/LESS 2ND REVISED OPEN INTEREST DOWN/MORE VOLUME DOWN
TRADING: FLAT+INCREASING+NET BUYING+TESTED/CLOSED ABOVE TREND ALSO 7250
TARGETS: 7780 7477 7356 (7320-7250) 7073 6932 6720 LOWER HIGHS HIGHER CLOSE
POSITIONS:: USER: NET LONG-SOLD NET SHORT, FUND NET SHORT-COVERED NET SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN/LESS 3RD REVISED OPEN INTEREST FLAT VOLUME DOWN/LESS
TRADING: DOWN+INCREASING+NET BUYING+TESTED/CLOSED ABOVE TREND ALSO 104
TARGETS: 174 144 132 (121-104) 90 PREMIUM MARKET LOWER HIGHS HIGHER CLOSE
POSITIONS: USER: NET SHORT-SOLD NET SHORT , FUND: NET LONG-SOLD NET SHORT
Wednesday, February 24, 2016
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