Farm Commodity Settlements/CME, MARCH 8/2016 TUESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO PACE SUPPLY-DEMAND TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT
TRENDS: UP/LESS-3RD REVISED+OPEN INTEREST UP+VOLUME MODERATE+WORLD STOCKS FLAT
TRADING: FLAT/DAY 1+INCREASING+NET BUYING+ON TREND SUPPORT+CLOSED ABOVE 358
TARGETS: (348-358-366) 371 383 395 PREMIUM MARKET FLAT HIGHS+LOWS HIGHER CLOSE
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT, FUND/SHORT SOLD SHORT
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/LESS-3RD REVISED+OPEN INTEREST-UP/LESS+VOLUME MEDIUM+W/STOCKS-UP
TRADING: DOWN/DAY 1+INCREASED+NET BUYING+COVERING+RESISTANCE@TREND+885
TARGETS: 852 (871-885) 896 918 941 PREMIUM MARKET LOWER HIGH HIGHER CLOSE
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT, FUND/SHORT SOLD SHORT
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP+OPEN INTEREST DOWN+VOLUME HIGH+WORLD STOCKS UP
TRADING: DOWN/DAY 1+INCREASING+NET BUYING+@RESISTANCE@PREVIOUS HIGHS+466
TARGETS: 531 503 492 482 (466-453)-433 PREMIUM MARKET LOWER HIGH HIGHER CLOSE
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT, FUND/SHORT SOLD SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE DOWN/LESS 3RD REVISED+ OPEN INTEREST UP+VOLUME MODERATE
TRADING: FLAT/DAY 1+DECREASED+SELLING+@TREND AS SUPPORT+CLOSED BELOW 7477
TARGETS: (7780-7477-7356) 7320 7250 7073 6932 6720 POINT OF MAJOR RESISTANCE
POSITIONS:: NET SPREADS NARROW'D, USER/LONG SOLD SHORT, FUND/SHORT COVER'D SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/1ST REVISED LESS+OPEN INTEREST UP/MORE+VOLUME MODERATE
TRADING: UP/DAY 2+DECREASED+NET SELLING+ABOVE TREND+116+OVERBOUGHT
TARGETS: 86 103 (116-126) 145 165 PREMIUM MARKET HIGHER LOWS LOWER CLOSE
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT, FUND/SHORT SOLD LONG
Tuesday, March 08, 2016
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment