Sunday, April 03, 2016

Farm Commodity Settlements/CME, MARCH 31/2016 FRIDAY
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 UP (STEEP)+HIGH VOLUME+WORLD STOCKS DOWN
TRADING: FLAT+LESS VOLATILITY+NET BUYING UP@LONG TERM SUPPORT@348+BELOW TREND  
TARGETS: (348-358-366)  371  383  395  PREMIUM MARKET  FLAT 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+MODERATE VOLUME+WORLD STOCKS-DOWN 
TRADING: UP (MODERATE)+LESS VOLATILITY+BUYING+RESISTANCE@918+CLOSED ABOVE TREND  
TARGETS: 852  871  885  (896-918)  941 PREMIUM MARKET   HIGHER LOW  HIGHER CLOSE  
POSITIONS: USER (SHORT)-SOLD NET SHORT, FUND (LONG)-BOUGHT NET LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: UP (MODERATE)+OPEN INTEREST DOWN (LESS)+MODERATE VOLUME+WORLD STOCKS UP    
TRADING: UP+LESS VOLATILITY+NET BUYING+TESTED RESISTANCE@468+TREND+CLOSED ABOVE BOTH 
TARGETS: (442-468-488)  503  533  562    PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE     
POSITIONS: USER (LONG)-SOLD SHORT, FUND (SHORT)-COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: UP (STEEP)+ OPEN INTEREST DOWN (LESS)+MODERATE VOLUME
TRADING: DOWN+MORE VOLATILITY+NET SELLING+TESTED SUPPORT@7650+TREND+CLOSED ABOVE    
TARGETS:  6810  7170  7440  (7650-8010)  8490   LOWER HIGH  LOWER CLOSE
POSITIONS:: USER (LONG)-SOLD NET LONG, FUND (SHORT)-COVERED NET SHORT = LESS VOLATILE 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP (LESS)+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+MORE VOLATILITY+SELLING BELOW TREND+TESTED/CLOSED BELOW116
TARGETS: 86  103  (116-126)  145  165   PREMIUM MARKET  LOWER HIGH  LOWER CLOSE
POSITIONS:USER (SHORT)-SOLD NET SHORT, FUND (SHORT) COVERED NET SHORT = MORE VOLATILE

No comments:

Google+