Farm Commodity Settlements/CME, FEBRUARY 9/2016 TUESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING URGENCY OF 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/LESS-VOLUME/FLAT- W/STOCKS FLAT
TRADING: DOWN DECELERATED NET SELLING BELOW TREND @358 AS SUPPORT
TARGETS: 348 (358-366) 371 383 395 PREMIUM MARKET LOWER HIGHS LOWER CLOSES
POSITIONS: USER: NET LONG SOLD NET SHORT, FUND: NET LONG/NEW BOUGHT NET LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT
TRENDS: UP//LESS SO-3RD REVISED OPEN INTEREST UP/MORE VOLUME DOWN W/STOCKS UP
TRADING: DOWN DECELERATING MATCHED @TREND AS SUPPORT INSIDE 871-852 BRAKES ON
TARGETS: (852-871) 885 896 918 941 PREMIUM MARKET LOWER HIGHS FLAT CLOSE
POSITIONS: USER: NET LONG SOLD NET SHORT, FUND: NET SHORT SOLD NET SHORT
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP /LESS SO-3RD REVISED OPEN INTEREST UP VOLUME UP WORLD STOCKS UP
TRADING: DOWN DECELERATED NET SELLING TEST OF TREND OF BOTTOM@456 SUPPORT
TARGETS: (456-484) 505 521 554 587 PREMIUM MARKET LOWER HIGHS LOWER CLOSES
POSITIONS: USER: NET LONG SOLD NET SHORT, FUND: NET SHORT SOLD NET SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE DOWN/MORE 1ST REVISED OPEN INTEREST FLAT VOLUME DOWN
TRADING: UP+ACCELERATED+NET BUYING+RESISTANCE@7250+SUPPORT@+CLOSED ABOVE TREND
TARGETS: 7780 7477 7356 (7320-7250) 7073 6932 6720 HIGHER LOW 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/MORE SO-2ND REVISED OPEN INTEREST FLAT VOLUME DOWN
TRADING: DOWN+ACCELERATED+SELLING+TESTED CLOSED BELOW 104 TREND SUPPORT
TARGETS: 174 144 132 (121-104-90) PREMIUM MARKET LOWER HIGHS LOWER CLOSES
POSITIONS: USER: NET SHORT BOUGHT NET LONG, FUND: NET LONG SOLD NET LONG
Tuesday, February 09, 2016
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