Farm Commodity Settlements/CME, MARCH 21/2016 MONDAY
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/LESS-2ND REVISED+OPEN INTEREST DOWN+MODERATE VOLUME+WORLD STOCKS DOWN
TRADING: FLAT+MORE VOLATILITY+BUYING+TESTED/CLOSED ABOVE TREND+CLOSED BELOW 371
TARGETS: 348 358 (366-371) 383 395 PREMIUM MARKET TESTING HIGH IN CONSOLIDATION
POSITIONS: USER/LONG-SOLD NET SHORT, FUND/SHORT-COVERED NET SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/LESS-2ND REVISED+OPEN INTEREST-UP/MORE+MODERATE VOLUME+W/STOCKS-DOWN
TRADING: FLAT+MORE VOLATILITY+NET BUYING+ABOVE TREND+TESTED/CLOSED ABOVE 896
TARGETS: 852 871 885 (896-918) 941 PREMIUM MARKET FLAT HKIGHS HIGHER CLOSE
POSITIONS: USER/LONG-SOLD NET SHORT, FUND/NOW LONG-BOUGHT NET LONG = LESS VOLATILE
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP/LESS-1ST REVISED+OPEN INTEREST DOWN/LESS+MODERATE VOLUME+W/STOCKS UP
TRADING: UP+MORE VOLATILITY+NET SELLING+ABOVE TREND+TESTED/CLOSED BELOW 468
TARGETS: (442 -468) 488 503 533 562 PREMIUM MARKET HIGHER LOW HIGHER CLOSE
POSITIONS: USER/LONG-SOLD NET SHORT, FUND/SHORT-COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: DOWN/LESS+3RD REVISED+ OPEN INTEREST DOWN+LOW VOLUME
TRADING: DOWN+LESS VOLATILITY+NET SELLING+ABOVE TREND+BELOW 7780+POTENTIAL TOP
TARGETS: (7780-7477) 7356 7320 7250 7073 6932 6720 LOWER HIGH LOWER CLOSE
POSITIONS:: USER/LONG-SOLD NET SHORT, FUND/SHORT-COVERED NET SHORT = LESS VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/LESS-1ST REVISED+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+LESS VOLATILITY+NET SELLING+ABOVE TREND+TESTED/CLOSED BELOW 126
TARGETS: 86 103 (116-126) 145 165 PREMIUM MARKET LOWER HIGH CLOSE OVERBOUGHT
POSITIONS:USER/NOW SHORT-SOLD NET LONG, FUND/SHORT COVERED NET SHORT = LESS VOLATILE
Monday, March 21, 2016
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