Farm Commodity Settlements/CME, FEBRUARY 26/2016 FRIDAY
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 DOWN/LESS W/STOCKS FLAT
TRADING: DOWN+DECREASED+NET SELLING+BELOW TREND+TESTED/CLOSED ABOVE 358
TARGETS: 348 (358-366) 371 383 395 PREMIUM MARKET LOWER HIGHS LOWR CLOSES
POSITIONS: USER:NET LONG-COVERED NET SHORT, FUND: NET SHORT-SOLD NET SHORT
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/LESS-3RD REVISED OPEN INTEREST-DOWN VOLUME-DOWN-LESS W/STOCKS-UP
TRADING: DOWN+DECREASED+NET SELLING+ON/CLOSED ABOVE TREND SUPPORT+BELOW 871
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: DOWN/3RD REVISED OPEN INTEREST DOWN UP VOLUME FLAT WORLD STOCKS UP
TRADING: FLAT+DECREASING+MATCHED+TESTED TREND SUPPORT+CLOSED BELOW 453
TARGETS: 531 503 492 N 482 (466-453) PREMIUM MARKET FLAT HIGHS LOWER LOW
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 3RD REVISED OPEN INTEREST UP VOLUME DOWN/LESS
TRADING: UP+DECREASING+MATCHED BUYING+SHORT COVERING FOR MONTH-END REPATRIATION
TARGETS: 7780 (7477-7356) 7320 7250 7073 6932 6720 HIGHER LOWS LFLAT 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: UP+INCREASED+MATCHED SELLING+NO BREAKOUT UPSIDE OF TREND
TARGETS: 174 144 132 (121-104) 90 PREMIUM MARKET HIGHER LOWS LOWER CLOSE
POSITIONS: USER: NET SHORT-SOLD NET SHORT , FUND: NET LONG-SOLD NET SHORT
Sunday, February 28, 2016
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