Saturday, February 06, 2016

Farm Commodity Settlements/CME, FEBRUARY 5/2016 FRIDAY
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-2ND REVISED-OPEN INTEREST UP/LESS-VOLUME DOWN/LESS-W/STOCKS DOWN
TRADING: DOWN MORE FORCE SELLING ROLLING H-K BELOW TREND SUPPORT@366 
TARGETS: 348  358  (366-371)  383  395    PREMIUM MARKET    LOWER HIGHS 
POSITIONS: USER: SOLD NET SHORT,  FUND: BOUGHT NET LONG = SHIFTING FORCE
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: UP//LESS SO-2ND REVISED  OPEN INTEREST UP/LESS  VOLUME FLAT  W/STOCKS DOWN
TRADING: DOWN EQUAL FORCE NET SELLING+ROLLING H-K TESTED-CLOSED BELOW TREND+871         
TARGETS: 852  (871-885)  896 918  941    PREMIUM MARKET   LOWER HIGHS 
POSITIONS: USER: SOLD NET SHORT, FUND: SOLD NET SHORT = BALANCED POSITIONS=FORCE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP /LESS SO-3RD REVISED  OPEN INTEREST UP   VOLUME UP   WORLD STOCKS UP    
TRADING: DOWN EQUAL FORCE SELLING+ CLOSED BELOW TREND SUPPORT@PREVIOUS LOWS     
TARGETS: (456-484)  505 521 554 587  PREMIUM MARKET  HIGHER LOWS   
POSITIONS: USER:: SOLD NET SHORT,  FUND: SOLD NET SHORT = BALANCED POSITIONS=FORCE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS 2ND REVISED  OPEN INTEREST UP  VOLUME DOWN
TRADING: DOWN+MORE FORCE+SELLING+COVERING FINISHED+TESTED CLOSED BELOW 7250    
TARGETS:  7780  7477  7356  (7320-7250)  7073  6932  6720       LOWER HIGH
POSITIONS: : USER: SOLD NET SHORT,  FUND: COVERED NET SHORT == LESS FORCE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/STEEP-PRIMARY  OPEN INTEREST FLAT  VOLUME FLAT
TRADING: DOWN+LESS FORCE SELLING+TESTED CLOSED BELOW TREND SUPPORT  
TARGETS: 86  (103-116)  126  145  165      PREMIUM MARKET   HIGHER LOWS
POSITIONS: USER: BOUGHT NET LONG, FUND: SOLD NET SHORT =  LESS FORCE 
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