Thursday, April 28, 2016

Commodity Settlements/CME, APRIL 28/2016 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/GRADUAL+OPEN INTEREST-DOWN+HIGH VOLUME+WORLD STOCKS UP
TRADING: UP+ACCELERATED+NET BUYING+TRADED/CLOSED ABOVE TREND+384 RESISTANCE  
TARGETS: 348  363  375  (384-403)  422    PREMIUM MARKET  HIGHER LOW MOVE DAY 4   
NET COMMITMENTS: USER LONG-NOW SHORT, FUND SHORT-NOW LONG = VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP/STEEP+OPEN INTEREST-DOWN/LESS+HIGH VOLUME+WORLD /STOCKS-UP 
TRADING: UP/STEEP+ACCELERATED+SELLING @ 1045+ON TREND AS SUPPORT  
TARGETS: 910  931  971  (1012-1027-1045))  PREMIUM MARKET   HIGHER LOW  FLAT CLOSE  DAY 4  
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP/MODERATE+OPEN INTEREST DOWN+MODERATE VOLUME+WPORLD STOCKS UP    
TRADING: UP+ACCELERATING+SELLING+TESTED/CLOSED BELOW TREND+488 AS RESISTANCE 
TARGETS: 442  468  (488-503)  533  562   PREMIUM MARKET  HIGHER LOW  MOVE DAY 4        
NET COMMITMENTS: USER LONG-LESS LONG, FUND SHORT-LESS SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP /MODERATE+ OPEN INTEREST UP/FLAT+MODERATE VOLUME
TRADING: UP/MODERATE+DECELERATED+NET BUYING+TESTED RESISTANCE+CLOSED ABOVE TREND+7930  
TARGETS:  6810  7170  7440  7650  (7818-7930)  8070  8490  HIGHER LOW   MOVE-DAY 4
NET COMMITMENTS:: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/MODERATE+OPEN INTEREST FLAT/DOWN+MODERATE VOLUME
TRADING: UP/STEEP+DECELERATED+NET BUYING+ABOVE TREND+CLOSED BELOW 145                 
TARGETS: 86  103  116  126  (134-145)  165   PREMIUM MARKET  HIGHER LOW  MOVE DAY 3
NET COMMITMENTS: USER SHORT-LESS SHORT, FUND LONG-LESS LONG = LESS VOLATILE

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