Tuesday, April 05, 2016

Commodity Settlements/CME, APRIL 5/2016 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: PRICE UP (GRADUAL)+OPEN INTEREST UP (FLAT)+MODERATE VOLUME+W/STOCKS DOWN
TRADING: UP+DECELERATED+NET BUYING+BELOW TREND+@ RESISTANCE @ 358  
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: PRICE UP (GRADUAL)+OPEN INTEREST-UP+MODERATE VOLUME+WORLD STOCKS-DOWN 
TRADING: DOWN+ACCELERATING+SELLING+ABOVE SUPPORT @ TREND AND 896+BELOW 918  
TARGETS: 852  871  885  (896-918)  941 PREMIUM MARKET   LOWER HIGH  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+MODERATE VOLUME+WORLD STOCKS UP    
TRADING: FLAT+DECELERATING+NET SELLING+TESTED SUPPORT+CLOSED ABOVE TREND-468
TARGETS: 442  (468-488)  503  533  562    PREMIUM MARKET  FLAT LOW  FLAT CLOSE     
POSITIONS: USER (LONG)-SOLD SHORT, FUND (SHORT)-COVERED NET SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP (LES STEEP)+ OPEN INTEREST DOWN (LESS)+LOW VOLUME
TRADING: DOWN+ACCELERATED+NET SELLING+BELOW TREND-7650+1ST LEG DOWN+TO NEXT LOW    
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+(STEEP)+OPEN INTEREST UP+MODERATE VOLUME
TRADING: DOWN+DECELERATED+NET SELLING+BELOW TREND+TESTED- CLOSED ABOVE 107
TARGETS: 128  122  120 118  114  (111-107)   PREMIUM MARKET  LOWER HIGH  LOWER CLOSE
POSITIONS:USER (SHORT)-SOLD NET SHORT, FUND (SHORT) COVERED NET SHORT = MORE VOLATILE
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