Saturday, February 13, 2016

Farm Commodity Settlements/CME, FEBRUARY 12/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO PACE TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP/LESS SO-2ND REVISED+OPEN INTEREST UP/MORE-VOLUME DOWN/LESS W/STOCKS FLAT
TRADING: FLAT DECELERATED  SELLING MET+CLOSED@358+TREND AS SUPPORT 
TARGETS: 348  (358-366)  371 383  395    PREMIUM MARKET  FLAT LOWS  FLAT CLOSES
POSITIONS: USER: NET LONG COVERED NET SHORT, FUND: NET SHORT/NEW SOLD NET SHORT
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: UP//MORE 2ND REVISED OPEN INTEREST UP/MORE VOL DOWN/LESS W/STOCKS UP
TRADING: UP DECELERATED MATCHED BUYING TESTED/CLOSED ABOVE 871 BELOW TREND         
TARGETS: (852-871)  885  896 918  941    PREMIUM MARKET  HIGHER LOWS  FLAT CLOSE
POSITIONS: USER: NET LONG BOUGHT NET LONG,  FUND: NET SHORT SOLD NET SHORT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: DOWN/LESS/3RD REVISED  OPEN INTEREST UP/MORE  VOLUME FLAT  W/STOCKS UP    
TRADING: DOWN+ACCELERATING+NET SELLING+TESTED RESISTANCE/CLOSED BELOW TREND @456      
TARGETS: 531  503  492  482  (466-453)  PREMIUM MARKET LOWER HIGH  LOWER CLOSE    
POSITIONS: USER: NET LONG BOUGHT NET LONG,  FUND: NET SHORT SOLD NET SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS 1ST REVISED  OPEN INTEREST UP  VOLUME DOWN
TRADING: DRIFTING+DECELERATING+NET BUYING+ABOVE TREND CLOSED BELOW RESISTANCE@7250    
TARGETS:  7780  7477  7356  7320  (7250-7073)  6932  6720     HIGHER LOW  HIGHER CLOSE 
POSITIONS:: USER: NET  LONG SOLD NET SHORT, FUND NET SHORT COVERED NET SHORT 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: DOWN/LESS SO-3RD REVISED  OPEN INTEREST UP  VOLUME DOWN/LESS
TRADING: UP +ACCELERATION+BUYING+TESTED CLOSED ABOVE 104 BELOW TREND  
TARGETS: 174  144  132  (121-104-90)   PREMIUM MARKET  HIGHER LOW HIGHER CLOSE
POSITIONS: USER: NET SHORT COVERED NET SHORT , FUND: NET LONG BOUGHT NET LONG

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