Thursday, March 03, 2016

Farm Commodity Settlements/CME, MARCH 3/2016 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO PACE SUPPLY-DEMAND TRENDS AND TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: UP/LESS-3RD REVISED+OPEN INTEREST UP+VOLUME LOW+WORLD STOCKS FLAT
TRADING: FLAT/2ND DAY+DECREASING+MATCHED+NO BREAKOUT CONFIRMED BELOW 358   
TARGETS: (348-358)  366  371  383  395      PREMIUM MARKET  FLAT LOWS  FLAT CLOSE      
POSITIONS: USER:NET LONG-SOLD NET LONG, FUND: NET SHORT-COVERED NET SHORT
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/LESS-3RD REVISED+OPEN INTEREST-UP+VOLUM LOW+WORLD STOCKS-UP 
TRADING: UP/1ST DAY+INCREASING+NET BUYING+CROSSED/CLOSED ABOVE TREND
TARGETS: (852-871)  885  896  918  941    PREMIUM MARKET  HIGHER LOWS  HIGHER CLOSE
POSITIONS: USER: NET LONG-SOLD NET LONG,  FUND: NET SHORT-COVERED NET SHORT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP/NEW+OPEN INTEREST UP+VOLUME MODERATE+WORLD STOCKS UP    
TRADING: UP/1ST DAY+INCREASING+BUYING+STRONG MOVE/CONFIRMATION OF BREAKOUT UPSIDE    
TARGETS: 531  503  492  482  466  (453-433)  PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE    
POSITIONS: USER: NET LONG-COVERED NET SHORT,  FUND: NET SHORT-SOLD NET SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS 3RD REVISED+ OPEN INTEREST DOWN+VOLUME LOW
TRADING: UP/6TH DAY+DECREASING+NET BUYING+CROSSED/CLOSED JUST BELOW TREND       
TARGETS:  7780  (7477-7356)  7320  7250  7073  6932  6720   POINT OF MAJOR RESISTANCE 
POSITIONS:: USER: NET  LONG-SOLD NET SHORT, FUND NET SHORT-COVERED NET SHORT 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/NEW+OPEN INTEREST UP=VOLUME MODERATE
TRADING: UP/6TH DAY+DECREASING=NET BUYING+BREAKOUT+@POTENTIAL PULLBACK  
TARGETS: 174  144  132  (121-104)  90   PREMIUM MARKET  HIGHER LOWS  HIGHER CLOSE
POSITIONS: USER: NET LONG/NEW-BOT NET LONG , FUND: NET SHORT/NEW-SOLD N/SHORT

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