Farm Commodity Settlements/CME, MARCH 29/2016 TUESDAY
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 (GRADUAL)+OPEN INTEREST FLAT+MODERATE VOLUME+WORLD STOCKS DOWN
TRADING: UP+FLAT VOLATILITY+NET BUYING+RESISTANCE TESTED+CLOSED+ABOVE TREND/371
TARGETS: 348 358 (366-371) 383 395 PREMIUM MARKET HIGHER LOW HIGHER CLOSE
POSITIONS: USER (LONG)-SOLD NET SHORT, FUND (SHORT)-COVERED SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP (GRADUAL)+OPEN INTEREST-UP (LESS)+MODERATE VOLUME+W/STOCKS-DOWN
TRADING: UP (MORE)+MORE VOLATILITY+BUYING+RESISTANCE MET @ 918 + ABOVE TREND
TARGETS: 852 871 885 (896-918) 941 PREMIUM MARKET HIGHER LOW HIGHER CLOSE
POSITIONS: USER (NOW SHORT)-SOLD SHORT, FUND (LONG)-BOUGHT NET LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP (MODERATE)+OPEN INTEREST UP (LESS)+LOW VOLUME+WORLD STOCKS UP
TRADING: UP+LESS VOLATILITY+BUYING+RESISTANCE @ HIGHS BELOW 488 ABOVE TREND
TARGETS: 442 (468-488) 503 533 562 PREMIUM MARKET HIGHER LOW HIGHER CLOSE
POSITIONS: USER (LONG)-BOUGHT NET LONG, FUND (SHORT)-SOLD NET SHORT = MORE VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: UP (STEEP)+ OPEN INTEREST DOWN (FLAT)+MODERATE VOLUME
TRADING: UP+MORE VOLATILITY+BUYING+RESISTANCE MET/CLOSED @ 7650+TESTED @ TREND
TARGETS: 6810 7170 (7440-7650) 8010 8490 HIGHER LOW HIGHER CLOSE
POSITIONS:: USER (LONG)-SOLD NET LONG, FUND (SHORT)-COVERED NET SHORT = LESS VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP (MODERATE)+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+FLAT VOLATILITY+NET SELLING+SUPPORT TESTED/CLOSED BELOW TREND@116
TARGETS: 86 103 (116-126) 145 165 PREMIUM MARKET LOWER HIGH LOWER CLOSE
POSITIONS:USER (SHORT)-SOLD NET SHORT, FUND (SHORT) COVERED NET SHORT = LESS VOLATILE
Tuesday, March 29, 2016
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