Wednesday, May 04, 2016

Commodity Settlements/CME, MAY 4/2016 WEDNESDAY
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+MODERATE VOLUME+WORLD STOCKS UP
TRADING: DOWN+DECELERATED+NET SELLING+MEETING SUPPORT@375+CLOSED ABOVE TREND    
TARGETS: 348  363  (375-384)  390  403  422    PREMIUM MARKET   LOWER HIGH  MOVE-DAY 4   
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP/STEEP+OPEN INTEREST-DOWN+HIGH VOLUME+WORLD /STOCKS-UP 
TRADING:DOWN+DECELERATED+NET BUYING+CONTINUED SUPPORT@1027+RESISTANCE@TREND  
TARGETS: 910  931  971  1012  (1027-1045))  DISCOUNT  MARKET NEW CROP  MOVE  DAY 1 
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP/LOWER+OPEN INTEREST UP+HIGH VOLUME+W/STOCKS UP    
TRADING: FLAT+DECELERATED+SELLNG+AGAIN SUPPORT@468+CLOSED BELOW TREND 
TARGETS: 442  (468-488)  503)  533  562   PREMIUM MARKET  LOWER HIGH  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 /LOWER-+OPEN INTEREST FLAT+HIGH VOLUME
TRADING: DOWN+DECELERATING+SELLING+/CLOSED BELOW RESISTANCE@BOTH TREND+7818  
TARGETS:  6810  7170  7440  (7650-7818-7930)  7996  8070  8490  HIGHER LOW   MOVE-DAY 1
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 UP+MODERATE VOLUME
TRADING:DOWN+ACCELERATING+SELLING+BELOW TREND+SUPPORT@/CLOSED BELOW 134                 
TARGETS: 86  103  116  126  (134-139)  145  165   PREMIUM MARKET  LOWER HIGH  MOVE DAY 3
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
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