Tuesday, April 26, 2016

Commodity Settlements/CME, APRIL26/2016 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-REVISED+OPEN INTEREST-DOWN+MODERATE VOLUME+W/STOCKS UP
TRADING: FLAT+DECELERATED+NET BUYING+ON TREND+CLOSED ABOVE TREND+385   
TARGETS: 348  363  (375-384)  403  422    PREMIUM MARKET  HIGHER LOW  DAY 3 OF MOVE         
NET COMMITMENTS: USER LONG-NOW SHORT, FUND SHORT-NOW LONG = VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP/MORE-ORIGINAL+OPEN INTEREST-DOWN+HIGH VOLUME+W/STOCKS-UP 
TRADING: FLAT+DECELERATED+NET BUYING+ON TREND/CLOSED ABOVE TREND+1012  
TARGETS: 849  884  910  931  (971-1012)  PREMIUM MARKET   HIGHER LOW  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-REVISED+OPEN INTEREST DOWN+MODERATE VOLUME+W/STOCKS UP    
TRADING: UP+DECELERATING+NET BUYING+DOWNSIDE OF/CLOSED BELOW TREND@488 
TARGETS: 442  (468-488-503)  533  562   PREMIUM MARKET HIGHER LOW  DAY 3 OF  MOVE       
NET COMMITMENTS: USER LONG-LESS LONG, FUND SHORT-LESS SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP /MORE-REVISED+ OPEN INTEREST UP+MODERATE VOLUME
TRADING: UP+ACCELERATED+NET BUYING+ON/CLOSED @ TREND+TESTED/CLOSED BELOW 7930  
TARGETS:  6810  7170  7440  7650  (7818-7930)  8070  8490  HIGHER LOW   DAY 6 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-REVISED+OPEN INTEREST FLAT+MODERATE VOLUME
TRADING: UP+ACCELERATING+NET BUYING+ON TREND+CLOSED ABOVE TREND @ 134                 
TARGETS: 86  103  116  (126-134)  145  165   PREMIUM MARKET  FLAT LOW DAY 6 OF MOVE
NET COMMITMENTS: USER SHORT-LESS SHORT, FUND LONG-LESS LONG = LESS VOLATILE

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