Tuesday, April 19, 2016

Commodity Settlements/CME, APRIL19/2016 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/MORE-TO 2ND REVISED+OPEN INTEREST-UP+HIGH VOLUME+W/STOCKS UP
TRADING: UP+DECELERATED+BUYING+ABOVE TREND+RESISTANCE@/CLOSED ABOVE 383   
TARGETS: 348  358-366  (371-383)  395  PREMIUM MARKET  DAY 6 OF MOVE  PULLBACK DUE       
NET COMMITMENTS: USER LONG-LESS LONG, FUND SHORT-LESS SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP/MORE TO ORIGINAL+OPEN INTEREST-UP+HIGH VOLUME+W/STOCKS-UP 
TRADING: UP+ACCELERATED+BUYING+TREND AS RESISTANCE+TESTED/CLOSED ABOVE 964  
TARGETS: 852  884  908  (927-964-1001) PREMIUM MARKET  HIGHER CLOSE   DAY 2 OF MOVE  
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP/MORE-1ST REVISED+OPEN INTEREST DOWN+HIGH VOLUME+W/STOCKS UP    
TRADING: UP+ACCELERATED+BUYING+TESTED TREND/CLOSED BELOW RESISTANCE@488 
TARGETS: 442  468-488)  503  533  562   PREMIUM MARKET  HIGHER LOW  DAY 5 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/UP+MODERATE VOLUME
TRADING: UP+ACCELERATED+BUYING+BREAKOUT ABOVE RESISTANCE@OCT/15 HIGH  
TARGETS:  6810  7170  7440  (7650-8070)  8490  HIGHER LOW  HIGHER CLOSE  DAY 1 OF MOVE
NET COMMITMENTS:: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/MORE-1ST REVISED+OPEN INTEREST FLAT+MODERATE VOLUME
TRADING: UP+DECELERATED+NET BUYING+@ TREND RESISTANCE+CLOSED ABOVE 126                 
TARGETS: 86  103  (116-126)  145  165   PREMIUM MARKET  HIGHER LOW  DAY 1 OF MOVE
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG- = MORE VOLATILE
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