Thursday, February 18, 2016

Farm Commodity Settlements/CME, FEBRUARY 18/2016 THURSDAY
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-VOLUME DOWN/LESS WORLD STOCKS FLAT
TRADING: UP+DECELERATION+BUYING+RESISTANCE@LATE JAN LOWS+@366+ABOVE TREND  
TARGETS: 348  358  (366)-371) 383  395    PREMIUM MARKET  HIGHER LOWS  LOWER CLOSE
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: FLAT+DECELERATION+NET SELLING+RESISTANCE@LATE JAN HIGHS+885+CLOSED@TREND          
TARGETS: 852  (871-885)  896 918  941    PREMIUM MARKET  HIGHER LOWS  LOWER CLOSE
POSITIONS: USER: NET LONG BOUGHT NET LONG,  FUND: NET SHORT SOLD NET SHORT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP  OPEN INTEREST DOWN  VOLUME FLAT  WORLD STOCKS UP    
TRADING: DOWN+ACCELERATION+SELLING+RESISTANCE@OLD LOWS+TESTED TREND+CLOSD BELOW    
TARGETS: (456-484)  505  521  554 587  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 2ND REVISED  OPEN INTEREST DOWN/MORE  VOLUME DOWN
TRADING: UP+DECELERATION+NET SELLING+SUPPORT@TREND+CLOSED BELOW 7320@TREND     
TARGETS:  7780  7477  7356  (7320-7250)  7073) 6932  6720     HIGHER LOWS  LOWER 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/TOPPING  VOLUME DOWN/LESS
TRADING: UP+ACCELERATION+NET SELLING+SUPPORT/CLOSED@TREND+NO BREAKOUT   
TARGETS: 174  144  132  (121-104)  90   PREMIUM MARKET  HIGHER LOW LOWER CLOSE
POSITIONS: USER: NET SHORT COVERED NET SHORT , FUND: NET LONG BOUGHT NET LONG
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