Saturday, January 30, 2016

Farm Commodity Settlements/CME, JANUARY 29/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING ACTIVITY OF TRADING
TRENDS: LINES THROUGH OBVIOUS ASCENDING LOWS, OR OBVIOUS DESCENDING HIGHS
TRADING: DAILY MOVE MORE/LESS SO OF ACTIVITY RELATIVE TO TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP/LESS SO-1ST REVISED  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: UP/MORE ACTIVE-NET BUYING 5TH TEST OF REISTANCE@371 CLOSED @372 
TARGETS: 348  358  (366-371)  383  395    PREMIUM MARKET    FLAT HIGHS 
POSITIONS: USER: SOLD NET SHORT,  FUND: COVERED NET SHORT= LESS ACTIVE: 
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: UP/LESS SO-2ND REVISED  OPEN INTEREST UP  VOLUME DOWN  W/STOCKS DOWN
TRADING: FLAT/=ACTIVE BUYING TESTED SUPPORT@TREND CLOSED ABOVE@RESISTANCE=885         
TARGETS: 852  (871-885)  896 918  941    PREMIUM MARKET   LOWER HIGHS  
POSITIONS: USER: BOUGHT NET LONG, FUND: COVERED SHORT = LESS ACTIVE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP /LESS SO-1ST REVISED  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS UP    
TRADING: UP/MORE ACTIVE-BUYING TESTED RESISTANCE@/CLOSED ABOVE TREND BELOW 484        
TARGETS: (456-484)  505 521 554 587  PREMIUM MARKET  HIGHER LOWS   
POSITIONS: USER:: SOLD NET LONG,  FUND: COVERED NET SHORT = LESS ACTIVE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN  OPEN INTEREST DOWN  VOLUME DOWN
TRADING: FLAT LESS ACTIVE-MATCHED BUYING TESTED RESISTANCE@?CLOSED ABOVE TREND   
TARGETS:  7780  7477  7356  (7250-7073)  6932  6720            HIGHER LOWS
POSITIONS: : USER: SOLD NET SHORT,  FUND: SOLD NET LONG == ACTIVE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN/LESS SO-2ND REVISED  OPEN INTEREST FLAT  VOLUME FLAT
TRADING: FLAT/-LESS ACTIVE NET BUYING UNABLE TO CONFIRM BREAKOUT ABOVE 104 
TARGETS: 174  144  132  (121-104-90)  69    PREMIUM MARKET   HIGHER OWS
POSITIONS: USER: SOLD NET LONG, FUND: COVERED NET SHORT =  INACTIVE 
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