Thursday, April 21, 2016

Commodity Settlements/CME, APRIL21/2016 THURSDAY
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: FLAT+ACCELERATED+NET SELLING+ABOVE TREND+MAJOR RESISTANCE@403   
TARGETS: 348  363  375  (384-403)  422/NEW    PREMIUM MARKET  DAY 7 OF MOVE  OVERBOUGHT       
NET COMMITMENTS: USER LONG-LESS LONG, FUND SHORT-LESS SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP/MORE-ORIGINAL+OPEN INTEREST-DOWN+HIGH VOLUME+W/STOCKS-UP 
TRADING: UP+DECELERATED+NET BUYING+ABOVE TREND+CLOSED ABOVE RESISTANCE@1012  
TARGETS: 849  884  910  931  (971-1012)  PREMIUM MARKET  HIGHER CLOSE DAY 3 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+FLAT+NET SELLING+ABOVE TREND/MET MAJOR RESISTANCE@/CLOSED BELOW 503 
TARGETS: 442  (468-488)  503  533  562   PREMIUM MARKET  HIGHER LOW  DAY 6 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: FLAT+DECELERATED+SELLING+ON/CLOSED BELOW TREND ABOVE OCT/15 HIGH  
TARGETS:  6810  7170  7440  (7650-8070)  8490  HIGHER LOW  LOWER CLOSE  DAY 2 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 DOWN+HIGH VOLUME
TRADING: UP+DECELERATED+SELLING+ABOVE TREND+CLOSED ABOVE TREND SUPPORT                 
TARGETS: 86  103  116  (126-145)  165   PREMIUM MARKET  HIGHER LOW  LOWER CLOSE
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG- = MORE VOLATILE
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