Tuesday, March 29, 2016

Farm Commodity Settlements/CME, MARCH 29/2016 TUESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO: DIRECTION, VOLATILITY, ACTIVITY, TRENDS, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP (GRADUAL)+OPEN INTEREST FLAT+MODERATE VOLUME+WORLD STOCKS DOWN
TRADING: UP+FLAT VOLATILITY+NET BUYING+RESISTANCE TESTED+CLOSED+ABOVE TREND/371  
TARGETS: 348  358  (366-371)  383  395  PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE       
POSITIONS: USER (LONG)-SOLD NET SHORT,  FUND (SHORT)-COVERED SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP (GRADUAL)+OPEN INTEREST-UP (LESS)+MODERATE VOLUME+W/STOCKS-DOWN 
TRADING: UP (MORE)+MORE VOLATILITY+BUYING+RESISTANCE MET @ 918 + ABOVE TREND  
TARGETS: 852  871  885  (896-918)  941 PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE  
POSITIONS: USER (NOW SHORT)-SOLD SHORT, FUND (LONG)-BOUGHT NET LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP (MODERATE)+OPEN INTEREST UP (LESS)+LOW VOLUME+WORLD STOCKS UP    
TRADING: UP+LESS VOLATILITY+BUYING+RESISTANCE @ HIGHS BELOW 488 ABOVE TREND 
TARGETS: 442  (468-488)  503  533  562    PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE     
POSITIONS: USER (LONG)-BOUGHT NET LONG, FUND (SHORT)-SOLD NET SHORT = MORE VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: UP (STEEP)+ OPEN INTEREST DOWN (FLAT)+MODERATE VOLUME
TRADING: UP+MORE VOLATILITY+BUYING+RESISTANCE MET/CLOSED @ 7650+TESTED @ TREND    
TARGETS:  6810  7170  (7440-7650)  8010  8490   HIGHER LOW  HIGHER CLOSE
POSITIONS:: USER (LONG)-SOLD NET LONG, FUND (SHORT)-COVERED NET SHORT = LESS VOLATILE 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP (MODERATE)+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+FLAT VOLATILITY+NET SELLING+SUPPORT TESTED/CLOSED BELOW TREND@116 
TARGETS: 86  103  (116-126)  145  165   PREMIUM MARKET  LOWER HIGH  LOWER CLOSE
POSITIONS:USER (SHORT)-SOLD NET SHORT, FUND (SHORT) COVERED NET SHORT = LESS VOLATILE

No comments:

Google+