Farm Commodity Settlements/CME, MARCH 18/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO VOLATILITY TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT
TRENDS: UP-2ND REVISED LESS+OPEN INTEREST DOWN+LOW VOLUME+WORLD STOCKS DOWN
TRADING: DOWN+LOW VOLATILITY+SELLNG+TESTED/CLOSED BELOW 371/TREND RESISTANCE
TARGETS: 348 358 (366-371) 383 395 PREMIUM MARKET LOWER HIGH IN CONSOLIDATION
POSITIONS: USER/LONG-SOLD NET SHORT, FUND/SHORT-COVERED NET SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP-2ND REVISED LESS+OPEN INTEREST-UP/MORE+MODERATE VOLUME+W/STOCKS-DOWN
TRADING: FLAT+REDUCED VOLATILITY+MATCHED SELLING+ABOVE TREND @ 896 AS SUPPORT
TARGETS: 852 871 885 (896-918) 941 PREMIUM MARKET HIGHER LOW FLAT CLOSE
POSITIONS: USER/LONG-SOLD NET SHORT, FUND/NOW LONG-BOUGHT NET LONG = LESS VOLATILE
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP/1ST REVISED LESS+OPEN INTEREST DOWN/LESS+LOW VOLUME+WORLD STOCKS UP
TRADING: DOWN+LOW/REDUCED VOLATILITY+MATCHED BUYING+BELOW TREND+CLOSED BELOW 468
TARGETS: (442 -468) 488 503 533 562 PREMIUM MARKET LOWER HIGH LOWER CLOSE
POSITIONS: USER/LONG-SOLD NET SHORT, FUND/SHORT-COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: DOWN+3RD REVISED/LESS SO+ OPEN INTEREST DOWN+LOW VOLUME
TRADING: UP+REDUCED VOLATILITY+NET SELLING+ABOVE TREND+BELOW 7780+POTENTIAL TOP
TARGETS: (7780-7477) 7356 7320 7250 7073 6932 6720 HIGHER LOW HIGHER CLOSE
POSITIONS:: USER/LONG-SOLD NET SHORT, FUND/SHORT-COVERED NET SHORT = LESS VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP-1ST REVISED LESS SO+OPEN INTEREST UP+MODERATE VOLUME
TRADING: UP+MORE VOLATILITY+NET SELLING+ABOVE TREND+TESTED/CLOSED BELOW 126
TARGETS: 86 103 (116-126) 145 165 PREMIUM MARKET HIGHER LOWS OVERBOUGHT
POSITIONS:USER/NOW SHORT-SOLD NET LONG, FUND/SHORT COVERED NET SHORT = LESS VOLATILE
Sunday, March 20, 2016
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