Farm Commodity Settlements/CME, MARCH 17/2016 THURSDAY
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/MORE-2ND REVISED+OPEN INTEREST DOWN+VOLUME MODERATE+WORLD STOCKS DOWN
TRADING: UP+INCREASING+SELLNG+MET RESISTANCE@371+TESTED/CLOSED@366 SUPPORT
TARGETS: 348 358 (366-371) 383 395 PREMIUM MARKET ON TREND AS SUPPORT
POSITIONS: NET SPREADS WIDENED, USER/LONG-BOUGHT LONG, FUND/SHORT-SOLD SHORT
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/MORE-2ND REVISED+OPEN INTEREST-UP+VOLUME HIGH+WORLD STOCKS-DOWN
TRADING: UP+INCREASING+NET BUYING+ABOVE TREND TESTED/COLSED@896
TARGETS: 852 871 (885-896) 918 941 PREMIUM MARKET HIGHER LOW HIGHER CLOSE
POSITIONS: NET SPREADS NARROWED, USER/LONG-SOLD SHORT, FUND/SHORT-COVERED SHORT
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP/1ST REVISED LESS+OPEN INTEREST DOWN/LESS+VOLUME MODERATE+STOCKS UP
TRADING: DOWN+INCREASED+NET SELLING+BELOW TREND+TESTED/CLOSED BELOW 468 AS SUPPORT
TARGETS: 442 (468-488) 503 533 562 PREMIUM MARKET LOWER HIGH LOWER CLOSE
POSITIONS: NET SPREADS NARROWED, USER/LONG-SOLD SHORT, FUND/SHORT-COVERED SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE DOWN+3RD REVISED/LESS+ OPEN INTEREST DOWN+VOLUME-MODERATE
TRADING: UP+DECREASED+NET BUYING+ROLLING+COVERING FORMED A SUSPECTED SPIKE (TOP)
TARGETS: (7780-7477) 7356 7320 7250 7073 6932 6720 POINT OF MAJOR RESISTANCE
POSITIONS:: NET SPREADS NARROWED, USER/LONG-SOLD SHORT, FUND/SHORT-COVER'D SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP-1ST REVISED LESS+OPEN INTEREST DOWN+VOLUME HIGH
TRADING: UP+DECREASED+BUYING+ABOVE TREND+@116 AS SUPPORT+OVERBOUGHT
TARGETS: 86 103 (116-126) 145 165 PREMIUM MARKET HIGHER LOWS HIGHER CLOSE
POSITIONS: NET SPREADS NARROWED, USER/LONG-SOLD LONG, FUND/SHORT MPMPMPMMPMPMPMPCOVERED SHORT
Thursday, March 17, 2016
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