Monday, March 21, 2016

Farm Commodity Settlements/CME, MARCH 21/2016 MONDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO VOLATILITY TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP/LESS-2ND REVISED+OPEN INTEREST DOWN+MODERATE VOLUME+WORLD STOCKS DOWN
TRADING: FLAT+MORE VOLATILITY+BUYING+TESTED/CLOSED ABOVE TREND+CLOSED BELOW 371  
TARGETS: 348  358  (366-371)  383  395      PREMIUM MARKET  TESTING HIGH IN CONSOLIDATION      
POSITIONS: USER/LONG-SOLD NET SHORT,  FUND/SHORT-COVERED NET SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/LESS-2ND REVISED+OPEN INTEREST-UP/MORE+MODERATE VOLUME+W/STOCKS-DOWN 
TRADING: FLAT+MORE VOLATILITY+NET BUYING+ABOVE TREND+TESTED/CLOSED ABOVE 896
TARGETS: 852  871  885  (896-918)  941    PREMIUM MARKET  FLAT HKIGHS  HIGHER CLOSE
POSITIONS: USER/LONG-SOLD NET SHORT, FUND/NOW LONG-BOUGHT NET LONG = LESS VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP/LESS-1ST REVISED+OPEN INTEREST DOWN/LESS+MODERATE VOLUME+W/STOCKS UP    
TRADING: UP+MORE VOLATILITY+NET SELLING+ABOVE TREND+TESTED/CLOSED BELOW 468   
TARGETS: (442 -468)  488  503  533  562    PREMIUM MARKET  HIGHER LOW HIGHER CLOSE     
POSITIONS: USER/LONG-SOLD NET SHORT, FUND/SHORT-COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: DOWN/LESS+3RD REVISED+ OPEN INTEREST DOWN+LOW VOLUME
TRADING: DOWN+LESS VOLATILITY+NET SELLING+ABOVE TREND+BELOW 7780+POTENTIAL TOP       
TARGETS:  (7780-7477)  7356  7320  7250  7073  6932  6720   LOWER HIGH  LOWER CLOSE
POSITIONS:: USER/LONG-SOLD NET SHORT, FUND/SHORT-COVERED NET SHORT = LESS VOLATILE 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/LESS-1ST REVISED+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+LESS VOLATILITY+NET SELLING+ABOVE TREND+TESTED/CLOSED BELOW 126  
TARGETS: 86  103  (116-126)  145  165   PREMIUM MARKET  LOWER HIGH  CLOSE    OVERBOUGHT
POSITIONS:USER/NOW SHORT-SOLD NET LONG, FUND/SHORT COVERED NET SHORT = LESS VOLATILE

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