Tuesday, February 09, 2016

Farm Commodity Settlements/CME, FEBRUARY 9/2016 TUESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING URGENCY OF TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO PACE 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/FLAT- W/STOCKS FLAT
TRADING: DOWN DECELERATED NET SELLING BELOW TREND @358 AS SUPPORT 
TARGETS: 348  (358-366)  371 383  395    PREMIUM MARKET  LOWER HIGHS  LOWER CLOSES
POSITIONS: USER: NET LONG SOLD NET SHORT, FUND: NET LONG/NEW BOUGHT NET LONG
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: UP//LESS SO-3RD REVISED  OPEN INTEREST UP/MORE  VOLUME DOWN  W/STOCKS UP
TRADING: DOWN DECELERATING MATCHED @TREND AS SUPPORT INSIDE 871-852 BRAKES ON         
TARGETS: (852-871)  885  896 918  941    PREMIUM MARKET  LOWER HIGHS  FLAT CLOSE
POSITIONS: USER: NET LONG SOLD NET SHORT,  FUND: NET SHORT SOLD NET SHORT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP /LESS SO-3RD REVISED  OPEN INTEREST UP   VOLUME UP   WORLD STOCKS UP    
TRADING: DOWN DECELERATED NET SELLING TEST OF TREND OF BOTTOM@456 SUPPORT      
TARGETS: (456-484)  505 521 554 587  PREMIUM MARKET LOWER HIGHS LOWER CLOSES   
POSITIONS: USER: NET LONG SOLD NET SHORT,  FUND: NET SHORT SOLD NET SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/MORE 1ST REVISED  OPEN INTEREST FLAT  VOLUME DOWN
TRADING: UP+ACCELERATED+NET BUYING+RESISTANCE@7250+SUPPORT@+CLOSED ABOVE TREND    
TARGETS:  7780  7477  7356  (7320-7250)  7073  6932  6720     HIGHER LOW  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/MORE SO-2ND REVISED  OPEN INTEREST FLAT  VOLUME DOWN
TRADING: DOWN+ACCELERATED+SELLING+TESTED CLOSED BELOW 104 TREND SUPPORT  
TARGETS: 174  144  132  (121-104-90)   PREMIUM MARKET  LOWER HIGHS LOWER CLOSES
POSITIONS: USER: NET SHORT BOUGHT NET LONG, FUND: NET LONG SOLD NET LONG

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