Monday, April 04, 2016

Farm Commodity Settlements/CME, APRIL 4/2016 MONDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO: DIRECTION, VOLATILITY, ACTIVITY, TRENDS, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: PRICE UP (GRADUAL)+OPEN INTEREST UP (STEEP)+MODERATE VOLUME+WORLD STOCKS DOWN
TRADING: FLAT+DECELERATED+EVEN BUYING+BELOW TREND+RESISTANCE@358-TREND  
TARGETS: (348-358)  366  371  383  395  PREMIUM MARKET  FLAT HIGH  HIGHER CLOSE       
POSITIONS: USER (LONG)-SOLD NET SHORT,  FUND (SHORT)-COVERED SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP (GRADUAL)+OPEN INTEREST-UP+MODERATE VOLUME+WORLD STOCKS-DOWN 
TRADING: UP+DECELERATING+NET SELLING+TESTING-CLOSED BELOW MAJOR RESISTANCE@918  
TARGETS: 852  871  885  (896-918)  941 PREMIUM MARKET   HIGHER LOW  LOWER CLOSE  
POSITIONS: USER (SHORT)-SOLD NET SHORT, FUND (LONG)-BOUGHT NET LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP+OPEN INTEREST DOWN (LESS)+MODERATE VOLUME+WORLD STOCKS UP    
TRADING: UP+DECELERATING+NET SELLING+ON TREND AS SUPPORT+JUST ABOVE 468 AS SUPPORT
TARGETS: 442  (468-488)  503  533  562    PREMIUM MARKET  HIGHER LOW  LOWER CLOSE     
POSITIONS: USER (LONG)-SOLD SHORT, FUND (SHORT)-COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP (STEEP)+ OPEN INTEREST DOWN (LESS)+LOW VOLUME
TRADING: FLAT+DECELERATING+NET SELLING+TESTED SUPPORT@TREND-7650+CLOSED BELOW TREND    
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 DOWN+(NEW)+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+DECELERATED+SELLING-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 = MORE VOLATILE

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