Thursday, January 21, 2016

Farm Commodity Settlements/CME, JANUARY 21/2016 THURSDAY
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 FLAT  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: UP NET BUYING WEAKER ON TREND SUPPORT MEETING RESISTANCE@723 
TARGETS: 349  (364-373)  378  386  395      PREMIUM MARKET   HIGHER LOWS
POSITIONS: USER: COVERED NET SHORT, FUND: SOLD NET SHORT= MORE VOLATILE: 
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS:  UP/GRADUAL  OPEN INTEREST FLAT  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: UP NET SELLING ABOVE TREND MEETING STRONG RESISTANCE@885 CLOSED BELOW       
TARGETS: 852  (871-885)  896 918  941   PREMIUM MARKET  FLAT HIGHS = RESISTANCE   
POSITIONS: USER: SOLD NET SHORT, FUND: BOUGHT NET LONG = LESS VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: DOWN/LESS  OPEN INTEREST FLAT  VOLUME DOWN  W/STOCKS UP    
TRADING: UP NET BUYING MET MAJOR RESISTANCE@3RD REVISED DOWNWARD TREND-        
TARGETS: 531  503  496  (482-466)  453      -CLOSED@TREND  4TH LOWER HIGH      
POSITIONS: USER:: SOLD NET LONG,  FUND: COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS  OPEN INTEREST DOWN/LESS  VOLUME DOWN/LESS
TRADING: UP BUYING MET RESISTANCE+CLOSED JUST BELOW 7250+TREND
TARGETS:  7780  7477  7356  7250  (7073-6932)  6720         POTENTIAL REVERSAL   
POSITIONS: : USER: SOLD NET SHORT,  FUND: COVERED NET SHORT == LESS VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN/LESS STEEP  OPEN INTEREST DOWN LESS  VOLUME FLAT
TRADING: FLAT NET BUYING@WEAK TREND+TARGET=(90) RESISTANCE+CLOSED ABOVE
TARGETS: 174  144  132  121  (104-90)  69    PREMIUM MARKET  LESS LOWER HIGHS
POSITIONS: USER: COVERED NET SHORT, FUND: SOLD NET LONG =  NEUTRAL VOLATILITY 
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