Thursday, February 04, 2016

Farm Commodity Settlements/CME, FEBRUARY 4/2016 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING FORCE OF TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVE MORE/LESS SO OF FORCE RELATIVE TO TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP/LESS SO-1ST REVISED-OPEN INTEREST UP/MORE-VOLUME DOWN/MORE-W/STOCKS DOWN
TRADING: DOWN/NEW MORE FORCE NET SELLING REVISING TREND RESISTANCE@371 AGAIN 
TARGETS: 348  358  (366-371)  383  395    PREMIUM MARKET    LOWER HIGHS 
POSITIONS: USER: SOLD NET SHORT,  FUND: COVERED NET SHORT= LESS ACTIVITY
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: UP//LESS SO-2ND REVISED  OPEN INTEREST UP  VOLUME FLAT  W/STOCKS DOWN
TRADING: DOWN EQUAL FORCE NET SELLING+RESISTANCE AGAIN@885+TESTED-CLOSED@TREND         
TARGETS: 852  (871-885)  896 918  941    PREMIUM MARKET   LOWER HIGHS 
POSITIONS: USER: BOUGHT NET LONG, FUND: COVERED NET SHORT = LESS ACTIVITY
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP /LESS SO-2ND REVISED  OPEN INTEREST FLAT   VOLUME FLAT  WORLD STOCKS UP    
TRADING: DOWN MORE FORCE NET SELLING+RESISTANCE@484 AGAIN+TESTED CLOSED BELOW TREND     
TARGETS: (456-484)  505 521 554 587  PREMIUM MARKET  HIGHER LOWS   
POSITIONS: USER:: SOLD NET LONG,  FUND: COVERED NET SHORT = LESS ACTIVITY
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS 1ST REVISED  OPEN INTEREST DOWN  VOLUME DOWN
TRADING: UP/UNUSUALLY LONG+STEEP+ON SHORT COVERING/WEAK+TESTED CLOSED BELOW 7320    
TARGETS:  7780  7477  (7356-7320-7250)  7073  6932  6720       POTENTIAL TOP
POSITIONS: : USER: SOLD NET SHORT,  FUND: SOLD NET LONG == ACTIVE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/STEEP-PRIMARY  OPEN INTEREST FLAT  VOLUME UP
TRADING: UP LESS FORCE NET SELLING+TREND SUPPORT+LAST HIGH RESISTANCE HELD  
TARGETS: 86  (103-116)  126  145  165      PREMIUM MARKET   HIGHER LOWS
POSITIONS: USER: SOLD NET LONG, FUND: COVERED NET SHORT =  OFFSET ACTIVITY 
Post a Comment
Google+