Thursday, May 05, 2016

Commodity Settlements/CME, MAY 5/2016 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/CN: 30 CENT DAILY LIMIT                                           
TREND DOWN, MOVE DOWN FROM LOWER HIGH BELOW TREND DAY 5 PREMIUM MARKET
PROJECTED UP: 370-402, DOWN 357-342  NET COMMITMENTS: MORE VOLATILE
INVESTMENT-LOWER, VOLUME-LOWER, WORLD STOCKS-HIGHER,  OVERSOLD 
SOYBEANS/SN: 70 CENT DAILY LIMIT
TREND UP, MOVE DOWN THROUGH TREND DAY 2 DISCOUNT MARKET FOR NEW CROP 
PROJECTED UP: 1027-1045,  DOWN: 989-971  NET COMMITMENTS: MORE VOLATILE   
INVESTMENT: LOWER, VOLUME: LOWER, WORLD STOCKS: HIGHER, ON TREND 
wheat/wn: 40 cent daily limit                                                       
TREND DOWN, MOVE DOWN FROM LOWER HIGH BELOW TREND DAY 5 PREMIUM MARKET 
PROJECTED UP :465-500, DOWN: 451-439  NET COMMITMENTS: LESS VOLATILE
INVESTMENT-LOWER, VOLUME-LOWER, WORLD STOCKS-HIGHER. OVERSOLD        
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP /SLOWER-+OPEN INTEREST FLAT+MODERATE VOLUME
TRADING: FLAT+DECELERATING+OFFSET SELLING+BELOW TREND/7818  
TARGETS:  6810  7170  7440  7650  (7726-7818)  7930  7996  8070  FLAT LOW   MOVE-DAY 2
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+HIGH VOLUME
TRADING:FLAT+ACCELERATING+NET SELLING+TREND AS RESISTANCE+CLOSED BELOW 134                 
TARGETS: 86  103  116  126  (134-139)  145  165   PREMIUM MARKET  FLAT LOWS    MOVE DAY 4
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
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