Friday, January 08, 2016

Farm Commodity Settlements/CME, JANUARY 8/2016 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 DOWN  OPEN INTEREST UP/MORE  VOLUME DOWN/LESS  WORLD STOCKS FLAT
TRADING: UP DECELERATED  BUYING UPSIDE OF SUPPORT@TREND AND @351 LOW 
TARGETS: 400  372  (361-351)  335  322/NEW      PREMIUM MARKET  HIGHER LOW
NET POSITIONS:: HEDGER: MORE LONG,  INVESTOR: MORE SHORT = MORE VOLATILE
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE DOWN/LESS  OPEN INTEREST  UP  VOLUME DOWN WORLD STOCKS FLAT
TRADING: UP DECELERATED MATCHED SELLING ABOVE TREND RESISTANCE@868 CLOSED BELOW       
TARGETS: 920  890  878  (868-850)  836/NEW       PREMIUM MARKET  HIGHER LOWS   
NET POSITIONS: HEDGER: MORE LONG, INVESTOR: MORE SHORT = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE DOWN/LESS  OPEN INTEREST UP/MORE  VOLUME DOWN  W/STOCKS UP    
TRADING UP ACCELERATED BUYING BREAKOUT UPSIDE CLOSED ABOVE TREND BELOW 482    
TARGETS: 531  503  496  482  (466-453)/NEW       PREMIUM MAKET  HIGHER LOW      
NET POSITIONS: HEDGER: MORE LONG,  INVESTOR: MORE SHORT = MORE VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/MORE  OPEN INTEREST DOWN  VOLUME DOWN/LESS
TRADING:FLAT DECELERATED MATCHED SELLING BELOW  TREND TO SUPPORT@1056 BOTTOM   
TARGETS:  7780  7573  7490  7418  7297  (7200-7056)   PREMIUM MARKET  LOWER HIGHS     
NET POSITIONS: HEDGER: LESS LONG,  INVESTOR: LESS SHORT = MET VOLATILE LIMIT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN/.MORE  OPEN INTEREST DOWN  VOLUME UP/NEW
TRADING: DOWN DECELERATING MATCHED SELLING AWAY FROM TREND ABVOVE 100  
TARGETS: 174  153  145  137  125  (115-100)       PREMIUM MARKET    LOWER HIGHS 
NET POSITIONS: HEDGER:LESS LONG,  INVESTOR: LESS SHORT = NEUTRAL VOLATILITY
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