Monday, February 29, 2016

Farm Commodity Settlements/CME, FEBRUARY 29/2016 MONDAY
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-3RD REVISED+OPEN INTEREST DOWN  VOLUME MODERATE  W/STOCKS FLAT
TRADING: DOWN/5TH DAY+DECREASED+NET SELLING+APPROACHING BOTTOM THIS MOVE   
TARGETS: (348-358-366)  371  383  395      PREMIUM MARKET  LOWER HIGHS  LOWR CLOSES      
POSITIONS: USER:NET LONG-SOLD NET LONG, FUND: NET SHORT-COVERED NET SHORT
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/LESS-3RD REVISED  OPEN INTEREST-FLAT  VOLUME-MOODERATE  W/STOCKS-UP 
TRADING: DOWN/5TH DAY+DECREASED+NET SELLING+APPROACHING BOTTOM THIS MOVE
TARGETS: (852-871)  885  896  918  941    PREMIUM MARKET  LOWER HIGHS  LOWER CLOSE
POSITIONS: USER: NET LONG-SOLD NET LONG,  FUND: NET SHORT-COVERED NET SHORT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: DOWN/3RD REVISED  OPEN INTEREST DOWN  VOLUME LOW  WORLD STOCKS UP    
TRADING: FLAT/4TH DAY+DECREASING+NET SELLING+ABOVE TREND+TESTED+CLOSED@5453    
TARGETS: 531  503  492 N 482  (466-453)  PREMIUM MARKET  FLAT HIGHS  HIGHER LOWS    
POSITIONS: USER: NET LONG-COVERED NET SHORT,  FUND: NET SHORT-SOLD NET SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS 3RD REVISED  OPEN INTEREST DOWN VOLUME MODERATE
TRADING: UP/3RD DAY+DECREASING+MATCHED BUYING+POTENTIAL HIGH-THIS MOVE       
TARGETS:  7780  (7477-7356)  7320  7250  7073  6932  6720     HIGHER LOWS  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 DOWN  VOLUME MODERATE
TRADING: FLAT+DECREASED+NET BUYING+NO BREAKOUT UPSIDE OF TREND  
TARGETS: 174  144  132  (121-104)  90   PREMIUM MARKET  HIGHER LOWS  LOWER HIGH
POSITIONS: USER: NET LONG/NEW-BOT NET LONG , FUND: NET SHORT/NEW-SOLD N/SHORT
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