Farm Commodity Settlements/CME, JANUARY 19/2016 TUESDAY
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: UP/MODERATE OPEN INTEREST UP/LESS VOLUME DOWN WORLD STOCKS DOWN
TRADING: UP DECELERATED NET BUYING RESISTANCE BELOW 373 SUPPORT@TREND
TARGETS: 349 (364-373) 378 386 395 BREAKOUT UPSIDE-NEW HIGHER LOWS
POSITIONS: USER: COVERED NET SHORT, FUND: SOLD NET SHORT= MORE VOLATILE:
SOYBEANS: 70 CENT DAILY TRADING LIMIT
TRENDS: UP/STEEP OPEN INTEREST UP/LESS VOLUME DOWN/LESS W/STOCKS DOWN
TRADING: UP DECELERATED NET BUYING RESISTANCE@885 TESTED SUPPORT@TREND
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: DOWN OPEN INTEREST UP/LESS VOLUME DOWN/LESS WORLD STOCKS UP
TRADING UP DECELERATING MATCHED RESISTANCE@TREND TESTED SUPPORT ABOVE 466
TARGETS: 531 503 496 (482-466) 453 RESISTANCE MARKET THIRD TEST
POSITIONS: USER:: SOLD NET LONG, FUND: COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE DOWN/STEEP OPEN INTEREST DOWN/LESS VOLUME DOWN/LESS
TRADING: DOWN DECELERATED MATCHED SELLING SUPPORT@6720 RESISTANCE@TREND
TARGETS: 7780 7477 7356 7250 7073 (6932-6720) LOWER HIGHS
POSITIONS: : USER: SOLD NET SHORT, FUND: COVERED NET SHORT == LESS VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN//STEEP OPEN INTEREST DOWN LESS VOLUME DOWN/LESS
TRADING: DOWN ACTIVE NET SELLING SUPPORT@90 RESISTANCE@TREND TESTED
TARGETS: 174 144 132 121 (104-90) 69 PREMIUM MARKET LOWER HIGHS
POSITIONS: USER: COVERED NET SHORT, FUND: SOLD NET LONG = NEUTRAL VOLATILITY
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