Farm Commodity Settlements/CME, MARCH 2/2016 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-3RD REVISED+OPEN INTEREST UP+VOLUME LOW+WORLD STOCKS FLAT
TRADING: FLAT/1ST DAY+DECREASED+MATCHED+CONFIRMED BOTTOM THIS MOVE
TARGETS: (348-358) 366 371 383 395 PREMIUM MARKET LOWER HIGHS FLAT CLOSE
POSITIONS: USER:NET LONG-SOLD NET LONG, FUND: NET SHORT-COVERED NET SHORT
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/LESS-3RD REVISED+OPEN INTEREST-UP/LESS+VOLUME-MODERATE+W/STOCKS-UP
TRADING: DOWN/7TH DAY+INCREASING+NET BUYING+NO BREAKOUT BELOW TREND
TARGETS: (852-871) 885 896 918 941 PREMIUM MARKET LOWER HIGHS HIGHER CLOSE
POSITIONS: USER: NET LONG-SOLD NET LONG, FUND: NET SHORT-COVERED NET SHORT
WHEAT: 40 CENT DAILY LIMIT
TRENDS: DOWN/3RD REVISED+OPEN INTEREST UP+VOLUME MODERATE+WORLD STOCKS UP
TRADING: DOWN/2ND DAY+INCREASING+NET BUYING+CROSSED CLOSED ABOVE TREND
TARGETS: 531 503 492 482 466 (453-433) PREMIUM MARKET LOWER HIGHS HIGHER CLOSE
POSITIONS: USER: NET LONG-COVERED NET SHORT, FUND: NET SHORT-SOLD NET SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE DOWN/LESS 3RD REVISED+ OPEN INTEREST DOWN+VOLUME MODERATE
TRADING: FLAT/1ST DAY+DECREASING+MATCHED BUYING+BELOW TREND+MIDWAY 7477-7356 RANGE
TARGETS: 7780 (7477-7356) 7320 7250 7073 6932 6720 LOWER HIGH EVEN 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 UP=VOLUME MODERATE
TRADING: UP/2ND DAY+DECREASING=NET BUYING+WEAK BREAKOUT UPSIDE OF TREND
TARGETS: 174 144 132 (121-104) 90 PREMIUM MARKET HIGHER LOWS HIGHER CLOSE
POSITIONS: USER: NET LONG/NEW-BOT NET LONG , FUND: NET SHORT/NEW-SOLD N/SHORT
Wednesday, March 02, 2016
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