Farm Commodity Settlements/CME, APRIL 4/2016 MONDAY
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: PRICE UP (GRADUAL)+OPEN INTEREST UP (STEEP)+MODERATE VOLUME+WORLD STOCKS DOWN
TRADING: FLAT+DECELERATED+EVEN BUYING+BELOW TREND+RESISTANCE@358-TREND
TARGETS: (348-358) 366 371 383 395 PREMIUM MARKET FLAT HIGH HIGHER CLOSE
POSITIONS: USER (LONG)-SOLD NET SHORT, FUND (SHORT)-COVERED SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP (GRADUAL)+OPEN INTEREST-UP+MODERATE VOLUME+WORLD STOCKS-DOWN
TRADING: UP+DECELERATING+NET SELLING+TESTING-CLOSED BELOW MAJOR RESISTANCE@918
TARGETS: 852 871 885 (896-918) 941 PREMIUM MARKET HIGHER LOW LOWER CLOSE
POSITIONS: USER (SHORT)-SOLD NET SHORT, FUND (LONG)-BOUGHT NET LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT
TRENDS: PRICE UP+OPEN INTEREST DOWN (LESS)+MODERATE VOLUME+WORLD STOCKS UP
TRADING: UP+DECELERATING+NET SELLING+ON TREND AS SUPPORT+JUST ABOVE 468 AS SUPPORT
TARGETS: 442 (468-488) 503 533 562 PREMIUM MARKET HIGHER LOW LOWER CLOSE
POSITIONS: USER (LONG)-SOLD SHORT, FUND (SHORT)-COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE UP (STEEP)+ OPEN INTEREST DOWN (LESS)+LOW VOLUME
TRADING: FLAT+DECELERATING+NET SELLING+TESTED SUPPORT@TREND-7650+CLOSED BELOW TREND
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 DOWN+(NEW)+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+DECELERATED+SELLING-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 = MORE VOLATILE
Monday, April 04, 2016
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