Sunday, May 01, 2016

Commodity Settlements/CME, APRIL 29/2016 FRIDAY
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/LESS GRADUAL+OPEN INTEREST-DOWN//FLAT+MODERATE VOLUME+W/STOCKS UP
TRADING: FLAT+DECELERATED+OFFSET+ABOVE TREND+CLOSED ABOVE RESISTANCE@390  
TARGETS: 348  363  375  (384-390-403)  422    PREMIUM MARKET  HIGHER LOW MOVE DAY 5   
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP/STEEP+OPEN INTEREST-DOWN/LESS+MODERATE VOLUME+WORLD /STOCKS-UP 
TRADING:FLAT+DECELERATED+NET BUYING+ON TREND-SUPPORT+TESTED-CLOSED ABOVE 1027  
TARGETS: 910  931  971  (1012-1027-1045))  PREMIUM MARKET   FLAT LOW  HIGHER CLOSE  DAY 5  
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+W/STOCKS UP    
TRADING: FLAT+DECELERATED+NET BUYING+BELOW TREND+TESTED-CLOSED @ 488 AS RESISTANCE 
TARGETS: 442  468  (488-503)  533  562   PREMIUM MARKET  HIGHER LOW  MOVE DAY 5        
NET COMMITMENTS: USER LONG-LESS LONG, FUND SHORT-LESS SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP /MODERATE-STEEP+ OPEN INTEREST UP/FLAT+MODERATE VOLUME
TRADING: UP+DECELERATING+OFFSET+TESTED RESISTANCE+CLOSED @ TREND+ABOVE 7930  
TARGETS:  6810  7170  7440  7650  (7818-7930)  8070  8490  HIGHER LOW   MOVE-DAY 5
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 DOWN+HIGH VOLUME
TRADING: UP+ACCELERATED+NET SELLING+ABOVE TREND+TESTED-CLOSED BELOW 139                 
TARGETS: 86  103  116  126  (134-139-145)  165   PREMIUM MARKET  HIGHER LOW  MOVE DAY 4
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
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