Sunday, February 28, 2016

Farm Commodity Settlements/CME, FEBRUARY 26/2016 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 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 DOWN/LESS  W/STOCKS FLAT
TRADING: DOWN+DECREASED+NET SELLING+BELOW TREND+TESTED/CLOSED ABOVE 358  
TARGETS: 348  (358-366)  371  383  395      PREMIUM MARKET  LOWER HIGHS  LOWR CLOSES      
POSITIONS: USER:NET LONG-COVERED NET SHORT, FUND: NET SHORT-SOLD NET SHORT

SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/LESS-3RD REVISED  OPEN INTEREST-DOWN  VOLUME-DOWN-LESS  W/STOCKS-UP 
TRADING: DOWN+DECREASED+NET SELLING+ON/CLOSED ABOVE TREND SUPPORT+BELOW 871
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: DOWN/3RD REVISED  OPEN INTEREST DOWN UP  VOLUME FLAT  WORLD STOCKS UP    
TRADING: FLAT+DECREASING+MATCHED+TESTED TREND SUPPORT+CLOSED BELOW 453    
TARGETS: 531  503  492 N 482  (466-453)  PREMIUM MARKET  FLAT HIGHS  LOWER LOW    
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 3RD REVISED  OPEN INTEREST UP  VOLUME DOWN/LESS
TRADING: UP+DECREASING+MATCHED BUYING+SHORT COVERING FOR MONTH-END REPATRIATION       
TARGETS:  7780  (7477-7356)  7320  7250  7073  6932  6720     HIGHER LOWS  LFLAT 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: UP+INCREASED+MATCHED SELLING+NO BREAKOUT UPSIDE OF TREND  
TARGETS: 174  144  132  (121-104)  90   PREMIUM MARKET  HIGHER LOWS  LOWER CLOSE
POSITIONS: USER: NET SHORT-SOLD NET SHORT , FUND: NET LONG-SOLD NET SHORT

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