Farm Commodity Settlements/CME, MARCH 23/2016 WEDNESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO 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/MORE+LOW VOLUME+W/STOCKS DOWN
TRADING: DOWN+VOLATILITY UP+BUYING+BELOW TREND/371+TESTED/CLOSED ABOVE 366
TARGETS: 348 358 (366-371) 383 395 RESISTANCE @ 371 RELATIVELY LOW FOR A MINOR MOVE
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 VOLATILITY DOWN+NET SELLING+ABOVE TREND+RESISTANCE BELOW 918
TARGETS: 852 871 885 (896-918) 941 PREMIUM MARKET LOWER 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 UP+LOW VOLUME+WORLD STOCKS UP
TRADING: DOWN+VOLATILITY DOWN+SELLING+ABOVE TREND+TESTED/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/LESS+3RD REVISED+ OPEN INTEREST DOWN/LESS+LOW VOLUME
TRADING: DOWN+VOLATILITY UP+SELLING+TESTED/CLOSED BELOW SUPPORT @ PREVIOUS HIGH
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/MORE+HIGH VOLUME
TRADING: DOWN+VOLATILITY UP+SELLING+ABOVE TREND+CLOSED BELOW RESISTANCE@126
TARGETS: 86 103 (116-126) 145 165 PREMIUM MARKET LOWER HIGH LOWER CLOSE OVERBOUGHT
POSITIONS:USER/NOW SHORT-SOLD NET LONG, FUND/SHORT COVERED NET SHORT = LESS VOLATILE
Wednesday, March 23, 2016
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment