Wednesday, February 24, 2016

Farm Commodity Settlements/CME, FEBRUARY 24/2016 WEDNESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO PACE SUPPLY-DEMAND TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP/LESS-2ND REVISED+OPEN INTEREST DOWN  VOLUME FLAT  WORLD STOCKS FLAT
TRADING: DOWN+DECREASED+SELLING+ABOVE TREND+CLOSED BELOW SUPPORT@366  
TARGETS: 348  (358-366-371) 383  395    PREMIUM MARKET  LOWER HIGHS  LOWER CLOSES
POSITIONS: USER: NET LONG-COVERED NET SHORT, FUND: NET SHORT-SOLD NET SHORT
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: UP/LESS-3RD REVISED  OPEN INTEREST DOWN  VOLUME UP/LESS  W/STOCKS UP
TRADING: DOWN+DECREASED+MATCHED BUYING+BREAKOUT+SUPPORT@371+CLOSED ABOVE          
TARGETS: 852  (871-885)  896 918  941    PREMIUM MARKET  LOWER HIGHS  LOWER CLOSE
POSITIONS: USER: NET LONG-SOLD NET SHORT,  FUND: NET SHORT-BOUGHT NET LONG
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP /LESS  OPEN INTEREST DOWN/LESS  VOLUME FLAT  WORLD STOCKS UP    
TRADING: DOWN+DECREASED+NET SELLING+TEST OF LOW+CLOSED BELOW 455    
TARGETS: (455-470)  481  490  507  525  PREMIUM MARKET  LOWER HIGHS  LOWER CLOSES    
POSITIONS: USER: NET LONG-SOLD NET SHORT,  FUND: NET SHORT-BOUGHT NET LONG=EVEN
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS 2ND REVISED  OPEN INTEREST DOWN/MORE  VOLUME DOWN
TRADING: FLAT+INCREASING+NET BUYING+TESTED/CLOSED ABOVE TREND ALSO 7250      
TARGETS:  7780  7477  7356  (7320-7250)  7073  6932  6720     LOWER HIGHS  HIGHER CLOSE 
POSITIONS:: USER: NET  LONG-SOLD NET SHORT, FUND NET SHORT-COVERED NET SHORT 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE DOWN/LESS 3RD REVISED  OPEN INTEREST FLAT  VOLUME DOWN/LESS
TRADING: DOWN+INCREASING+NET BUYING+TESTED/CLOSED ABOVE TREND ALSO 104  
TARGETS: 174  144  132  (121-104)  90   PREMIUM MARKET  LOWER HIGHS  HIGHER CLOSE
POSITIONS: USER: NET SHORT-SOLD NET SHORT , FUND: NET LONG-SOLD NET SHORT
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