Farm Commodity Settlements/CME, MARCH 24/2016 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO: DIRECTION, VOLATILITY, ACTIVITY, TRENDS, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT
TRENDS: UP/LESS-2ND REVISED+OPEN INTEREST DOWN/LESS+MODERATE VOLUME+W/STOCKS DOWN
TRADING: FLAT+LESS VOLATILITY+NET BUYING+RESISTANCE/CLOSED @ TREND+BELOW 371
TARGETS: 348 358 (366-371) 383 395 RESISTANCE @ 371 RELATIVELY LOW FOR A MINOR MOVE
POSITIONS: USER (LONG)-SOLD NET SHORT, FUND (SHORT)-COVERED SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP (LESS)-2ND REVISED+OPEN INTEREST-UP (LESS)+MODERATE VOLUME+W/STOCKS-DOWN
TRADING: FLAT+LESS VOLATILITY+NET BUYING+ABOVE TREND+RESISTANCE @ PREVIOUS HIGHS
TARGETS: 852 871 885 (896-918) 941 PREMIUM MARKET LOWER HIGH HIGHER CLOSE
POSITIONS: USER (NOW SHORT)-SOLD SHORT, FUND (LONG)-BOUGHT NET LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP/LESS-1ST REVISED+OPEN INTEREST UP+LOW VOLUME+WORLD STOCKS UP
TRADING: DOWN+FLAT VOLATILITY+MATCHED BUYING+TESTED/CLOSED ABOVE TREND BELOW 468
TARGETS: (442 -468) 488 503 533 562 PREMIUM MARKET LOWER HIGH FLAT CLOSE
POSITIONS: USER (LONG)-BOUGHT NET LONG, FUND (SHORT)-SOLD NET SHORT = MORE VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: DOWN/LESS+3RD REVISED+ OPEN INTEREST DOWN (LESS)+LOW VOLUME
TRADING: DOWN+LESS VOLATILITY+NET SELLING+LEVEL-NEXT LOW IMPORTANT TO DIRECTION
TARGETS: (7780-7477) 7356 7320 7250 7073 6932 6720 LOWER HIGH LOWER CLOSE
POSITIONS:: USER (LONG)-SOLD NET LONG, FUND (SHORT)-COVERED NET SHORT = LESS VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP (LESS)-1ST REVISED+OPEN INTEREST UP (LESS)+MODERATE VOLUME
TRADING: DOWN+LESS VOLATILITY+NET SELLING+ABOVE TREND+CLOSED BELOW 126
TARGETS: 86 103 (116-126) 145 165 PREMIUM MARKET LOWER HIGH LOWER CLOSE OVERBOUGHT
POSITIONS:USER (SHORT)-SOLD NET SHORT, FUND (SHORT) COVERED NET SHORT = LESS VOLATILE
Thursday, March 24, 2016
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