Monday, March 07, 2016

Farm Commodity Settlements/CME, MARCH 7/2016 MONDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO 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 FLAT+VOLUME MODERATE+WORLD STOCKS FLAT
TRADING: UP/DAY 2+DECREASING+SELLING+RESISTANCE@PREVOUS LEVELS PREVAIL  
TARGETS: (348-358-366)  371  383  395      PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE      
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT,  FUND/SHORT SOLD SHORT

SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: UP/LESS-3RD REVISED+OPEN INTEREST-UP/LESS+VOLUME MEDIUM+W/STOCKS-UP 
TRADING: UP/DAY 3+DECREASED+SELLING+COVERING+RESISTANCE@TREND+885 PREVAILED
TARGETS: 852  (871-885)  896  918  941    PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT, FUND/SHORT SOLD SHORT
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP+OPEN INTEREST UP/LESS+VOLUME MODERATE+WORLD STOCKS UP    
TRADING: UP/DAY 3+DECREASING+NET SELLING+RESISTANCE@PREVIOUS HIGHS+466 PREVAILED    
TARGETS: 531  503  492  482  (466-453)-433  PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE    
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT, FUND/SHORT SOLD SHORT
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE DOWN/LESS 3RD REVISED+ OPEN INTEREST DOWN+VOLUME MODERATE
TRADING: UP/DAY 8+INCREASING+NET BUYING+WEAK BREAKOUT ON BUYING CDN ASSETS IN USD       
TARGETS:  (7780-7477-7356)  7320  7250  7073  6932  6720   POINT OF MAJOR RESISTANCE 
POSITIONS:: NET SPREADS NARROW'D, 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/MORE+VOLUME MODERATE
TRADING: UP/DAY 1+DECREASED+BUYING+ABOVE TREND+TESTED/CLOSED ABOVE 116  
TARGETS: 86  103  (116-126)  145  165   PREMIUM MARKET  HIGHER LOWS  HIGHER CLOSE
POSITIONS: NET SPREADS WIDER, USER/LONG COVERED SHORT, FUND/SHORT SOLD LONG
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