Saturday, January 16, 2016

Farm Commodity Settlements/CME, JANUARY 15/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING STRENGTH OF TRADING
TRENDS: LINES OF PROTRUDING ASCENDING LOWS, OF EXCESSIVE DESCENDING HIGHS
TRADING: DAILY MOVE VOLATILITY ACTIVITY RELATIVE TO TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: PRICE FLAT  OPEN INTEREST UP/LESS  VOLUME DOWN/MORE W/STOCKS DOWN
TRADING: UP ACTIVE NET BUYING TESTED RESISTANCE/CLOSED ABOVE TREND+361 
TARGETS: 400  (372-361-351)  335  322    RESISTANCE@361-LONG TERM = SIGNIFICANT
POSITIONS: USER: COVERED NET SHORT, FUND: SOLD NET SHORT= MORE VOLATILE: 
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: DOWN ACCELERATING NET SELLING MET/CLOSED ABOVE SUPPORT@TREND+871        
TARGETS: 852  (871-885)  896 918  941       PREMIUM MARKET  HIGHER LOWS   
POSITIONS: USER: SOLD NET SHORT, FUND: BOUGHT NET LONG = LESS VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE DOWN  OPEN INTEREST UP/LESS  VOLUME DOWN  WORLD STOCKS UP    
TRADING DOWN DECELERATED NET BUYING BELOW TREND MET/CLOSED ABOVE SUPPORT@466      
TARGETS: 531  503  496  (482-466)  453      RESISTANCE MARKET  SECOND LEG      
POSITIONS: USER:: SOLD NET LONG,  FUND: COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/STEEPE  OPEN INTEREST DOWN/LESS  VOLUME DOWN/LESS
TRADING: DOWN ACTIVE SELLING BELOW TREND TESTED/CLOSED BELOW SUPPORT@6930  
TARGETS:  7780  7477  7356  7250  (7073-6932-6720)  LOWER HIGHS  OVERSOLD     
POSITIONS: : USER: SOLD NET SHORT,  FUND: COVERED NET SHORT == LESS VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN/MORE  OPEN INTEREST DOWN/LESS  VOLUME DOWN
TRADING: DOWN ACTIVE SELLING CLOSED BELOW RESISTANCE@TREND ABOVE 90  
TARGETS: 174  144  132  121  (104-90)  69      PREMIUM MARKET   OVERSOLD
POSITIONS: USER: COVERED NET SHORT, FUND: SOLD NET LONG =  NEUTRAL VOLATILITY 
Post a Comment
Google+