Thursday, January 14, 2016

Farm Commodity Settlements/CME, JANUARY 14/2016 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: PRICE FLAT/NEW  OPEN INTEREST UP/LESS  VOLUME DOWN/LESS  W/STOCKS DOWN
TRADING: FLAT  MATCHED EVEN RESISTANCE LONG TERM@TREND+361/CLOSED BELOW 
TARGETS: 400  372  (361-351)  335  322/NEW    SUPPORT LONG TERM IN 361-351 AREA
NET POSITIONS:: HEDGER: MORE LONG,  INVESTOR: MORE SHORT = MORE VOLATILE
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP  OPEN INTEREST UP  VOLUME DOWN  WORLD STOCKS DOWN
TRADING: UP/STEEP DECELERATING NET BUYING SUPPORT@TREND @RESISTANCE@885        
TARGETS: 852  (871-885)  896 918  941       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  VOLUME DOWN  WORLD STOCKS UP    
TRADING DOWN ACCELERATED SELLING BELOW TREND CLOSED ABOVE SUPPORT@466     
TARGETS: 531  503  496  (482-466)  453      RESISTANCE MARKET  SECOND LEG      
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/LESS  VOLUME DOWN/LESS
TRADING: FLAT NEGLIGIBLE MATCHED RESISTANCE BELOW TREND INSIDE 7073-6930   
TARGETS:  7780  7477  7356  7250  (7073-6930)  LOWER HIGHS  OVERSOLD     
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/LESS  VOLUME DOWN/LESS
TRADING: DOWN/LESS DECELERATING NET BUYING MET RESISTANCE/CLOSED BELOW 104  
TARGETS: 174  144  132  121  (104-90)  69      PREMIUM MARKET   OVERSOLD 
NET POSITIONS: HEDGER:LESS LONG,  INVESTOR: LESS SHORT = NEUTRAL VOLATILITY
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