Commodity Settlements/CME, APRIL 5/2016 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: PRICE UP (GRADUAL)+OPEN INTEREST UP (FLAT)+MODERATE VOLUME+W/STOCKS DOWN
TRADING: UP+DECELERATED+NET BUYING+BELOW TREND+@ RESISTANCE @ 358
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: PRICE UP (GRADUAL)+OPEN INTEREST-UP+MODERATE VOLUME+WORLD STOCKS-DOWN
TRADING: DOWN+ACCELERATING+SELLING+ABOVE SUPPORT @ TREND AND 896+BELOW 918
TARGETS: 852 871 885 (896-918) 941 PREMIUM MARKET LOWER HIGH 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+MODERATE VOLUME+WORLD STOCKS UP
TRADING: FLAT+DECELERATING+NET SELLING+TESTED SUPPORT+CLOSED ABOVE TREND-468
TARGETS: 442 (468-488) 503 533 562 PREMIUM MARKET FLAT LOW FLAT CLOSE
POSITIONS: USER (LONG)-SOLD SHORT, FUND (SHORT)-COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE UP (LES STEEP)+ OPEN INTEREST DOWN (LESS)+LOW VOLUME
TRADING: DOWN+ACCELERATED+NET SELLING+BELOW TREND-7650+1ST LEG DOWN+TO NEXT LOW
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+(STEEP)+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+DECELERATED+NET SELLING+BELOW TREND+TESTED- CLOSED ABOVE 107
TARGETS: 128 122 120 118 114 (111-107) PREMIUM MARKET LOWER HIGH LOWER CLOSE
POSITIONS:USER (SHORT)-SOLD NET SHORT, FUND (SHORT) COVERED NET SHORT = MORE VOLATILE
Tuesday, April 05, 2016
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