Monday, April 18, 2016

Commodity Settlements/CME, APRIL18/2016 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/MORE-2ND REVISED+OPEN INTEREST-UP+HIGH VOLUME+W/STOCKS UP
TRADING: UP+DECELERATED+NET BUYING+ON CLOSED ABOVE TREND+BELOW 383   
TARGETS: 348  358-366  (371-383)  395  PREMIUM MARKET  5TH DAY OF MOVE  HIGHER LOW       
NET COMMITMENTS: USER LONG-LESS LONG, FUND SHORT-LESS SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP/MORE-1ST REVISED+OPEN INTEREST-UP+HIGH VOLUME+W/STOCKS-UP 
TRADING: UP+DECELERATING+MATCHED+ON TREND+NO CONSECUTIVE HIGHER CLOSE  
TARGETS: 852  871  885  896  (918-941) PREMIUM MARKET   LOWER CLOSE  6TH DAY OF MOVE  
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP/LESS-2ND REVISED+OPEN INTEREST FLAT+HIGH VOLUME+W/STOCKS UP    
TRADING: UP+ACCELERATED+NET BUYING+RESISTANCE@/CLOSED ABOVE TREND/468 
TARGETS: (442-468)  488  503  533  562   PREMIUM MARKET  HIGHER LOW  4TH DAY OF MOVE       
NET COMMITMENTS: USER LONG-MORE LONG, FUND SHORT-MORE SHORT = MORE VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP /MORE-2ND REVISED+ OPEN INTEREST FLAT/UP+MODERATE VOLUME
TRADING: FLAT+ACCELERATED+NET BUYING+RESISTANCE@/CLOSED BELOW TREND  
TARGETS:  6810  7170  7440  (7650-8010)  8490  HIGHER LOW  HIGHER CLOSE  4TH DAY OF MOVE
NET COMMITMENTS:: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/LESS TO 2ND REVISED+OPEN INTEREST TOPPING+HIGH VOLUME
TRADING: DOWN+ACCELERATED+NET BUYING+MET RESISTANCE@126+SUPPORT@116                 
TARGETS: 86  103  (116-126)  145  165   PREMIUM MARKET  LOWER HIGH 3RD DAY OF MOVE
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG- = MORE VOLATILE

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