Farm Commodity Settlements/CME, MARCH 31/2016 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 (GRADUAL)+OPEN INTEREST FLAT+VERY HIGH VOLUME+WORLD STOCKS DOWN
TRADING: DOWN+MORE+SUSPECT SELLING SHORT+SUPPORT@/CLOSED ABOVE 348 YEARLY LOW
TARGETS: (348-358-366) 371 383 395 PREMIUM MARKET LOWER HIGH LOWER 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)+HIGH VOLUME+W/STOCKS-DOWN
TRADING: DOWN+MORE+MATCHED NET BUYING+SUPPORT MET@896+CLOSED ABOVE TREND
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 (MODERATE)+OPEN INTEREST DOWN+MODERATE VOLUME+WORLD STOCKS UP
TRADING: DOWN+MORE+NET BUYING+RESISTANCE@468 TESTED+CLOSED ABOVE 468+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 (LESS)+MODERATE VOLUME
TRADING: UP+MORE+MATCHED NET SELLING+RESISTANCE@YEARLY HIGH OF 7791+CLOSED ABOVE 7650
TARGETS: 6810 7170 7440 (7650-8010) 8490 HIGHER LOW 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 (MODERATE)+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+FLAT+NET BUYING+RESISTANCE@TREND+SUPPORT@116
TARGETS: 86 103 (116-126) 145 165 PREMIUM MARKET LOWER HIGH HIGHER CLOSE
POSITIONS:USER (SHORT)-SOLD NET SHORT, FUND (SHORT) COVERED NET SHORT = LESS VOLATILE
Thursday, March 31, 2016
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment