Farm Commodity Settlements/CME, MARCH 31/2016 FRIDAY
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 UP (STEEP)+HIGH VOLUME+WORLD STOCKS DOWN
TRADING: FLAT+LESS VOLATILITY+NET BUYING UP@LONG TERM SUPPORT@348+BELOW TREND
TARGETS: (348-358-366) 371 383 395 PREMIUM MARKET FLAT 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+MODERATE VOLUME+WORLD STOCKS-DOWN
TRADING: UP (MODERATE)+LESS VOLATILITY+BUYING+RESISTANCE@918+CLOSED ABOVE TREND
TARGETS: 852 871 885 (896-918) 941 PREMIUM MARKET HIGHER LOW HIGHER CLOSE
POSITIONS: USER (SHORT)-SOLD NET SHORT, FUND (LONG)-BOUGHT NET LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP (MODERATE)+OPEN INTEREST DOWN (LESS)+MODERATE VOLUME+WORLD STOCKS UP
TRADING: UP+LESS VOLATILITY+NET BUYING+TESTED RESISTANCE@468+TREND+CLOSED ABOVE BOTH
TARGETS: (442-468-488) 503 533 562 PREMIUM MARKET HIGHER LOW HIGHER CLOSE
POSITIONS: USER (LONG)-SOLD SHORT, FUND (SHORT)-COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: UP (STEEP)+ OPEN INTEREST DOWN (LESS)+MODERATE VOLUME
TRADING: DOWN+MORE VOLATILITY+NET SELLING+TESTED SUPPORT@7650+TREND+CLOSED ABOVE
TARGETS: 6810 7170 7440 (7650-8010) 8490 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)+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+MORE VOLATILITY+SELLING BELOW TREND+TESTED/CLOSED BELOW116
TARGETS: 86 103 (116-126) 145 165 PREMIUM MARKET LOWER HIGH LOWER CLOSE
POSITIONS:USER (SHORT)-SOLD NET SHORT, FUND (SHORT) COVERED NET SHORT = MORE VOLATILE
Sunday, April 03, 2016
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