Farm Commodity Settlements/CME, MARCH 15/2016 TUESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO POWER SUPPLY-DEMAND TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT
TRENDS: UP/MORE-2ND REVISED+OPEN INTEREST DOWN+VOLUME MODERATE+WORLD STOCKS FLAT
TRADING: FLAT+DECREASING+NET BUYING+ON/CLOSED ABOVE SUPPORT@TREND+366
TARGETS: 348 (358-366-371) 383 395 PREMIUM MARKET FLAT HIGHS HIGHER CLOSE
POSITIONS: NET SPREADS WIDENED, USER/LONG-BOUGHT LONG, FUND/SHORT-SOLD SHORT
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/MORE-2ND REVISED+OPEN INTEREST-FLAT+VOLUME MEDIUM+W/STOCKS-UP
TRADING: DOWN+DECREASING+NET SELLING+RESISTANCE@896+SUPPORT@TREND
TARGETS: 852 871 (885-896) 918 941 PREMIUM MARKET LOWER HIGH LOWER CLOSE
POSITIONS: NET SPREADS NARROWED, USER/LONG-SOLD SHORT, FUND/SHORT-COVERED SHORT
WHEAT: 40 CENT DAILY LIMIT
TRENDS: UP+OPEN INTEREST DOWN+VOLUME LOW+WORLD STOCKS UP
TRADING: FLAT+DECREASING+NET BUYING+APPEARS MAKING A LONG TERM LOWER HIGH
TARGETS: 442 (468-488) 503 533 562 PREMIUM MARKET LOWER HIGH HIGHER CLOSE
POSITIONS: NET SPREADS NARROWED, USER/LONG-SOLD SHORT, FUND/SHORT-COVERED SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE DOWN/LESS 3RD REVISED+ OPEN INTEREST UP/LESS+VOLUME LOW
TRADING: DOWN+INCREASED+SELLING+UNABLE BREAKOUT ABOVE RESISTANCE @7477
TARGETS: 7780 (7477-7356) 7320 7250 7073 6932 6720 POINT OF MAJOR RESISTANCE
POSITIONS:: NET SPREADS NARROWED, USER/LONG-SOLD SHORT, FUND/SHORT-COVER'D SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP-1ST REVISED LESS+OPEN INTEREST UP/LESS+VOLUME LOW
TRADING: UP+INCREASED+NET SELLING+ABOVE TREND+@116+OVERBOUGHT
TARGETS: 86 103 (116-126) 145 165 PREMIUM MARKET HIGHER LOWS LOWER CLOSE
POSITIONS: NET SPREADS NARROWED, USER/LONG-SOLD LONG, FUND/SHORT COVERED SHORT
Tuesday, March 15, 2016
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