Wednesday, May 11, 2016

Commodity Settlements/CME, MAY 11/2016 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, FORCE, ACTIVITY, TRENDS, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/CN: 30 CENT DAILY LIMIT                                           
TREND DOWN, MOVE FLAT-DECELERATED-NET SELLING-BELOW TREND-SUPPORT@370 DAY 3 
PROJECTED: DOWN 357-346  UP 370-403, NET COMMITMENTS: VOLATILE-NO CHANGE
INVESTMENT-HIGHER, VOLUME-LOWER, WORLD STOCKS-LOWER,  PREMIUM FORWARD
SOYBEANS/SN: 70 CENT DAILY LIMIT
TREND UP, MOVE FLAT-DECELERATED-SELLING-BELOW TREND-SUPPORT @1027-DAY 3
PROJECTED UP: 1067-1094,  DOWN: 1045-1027  NET COMMITMENTS: MORE VOLATILE   
INVESTMENT-UP, VOLUME-LOWER, WORLD STOCKS-LOWER, FLAT-LOWER FORWARD 
wheat/wn: 40 cent daily limit                                                       
TREND DOWN, MOVE FLAT-DECELERATED-SELLING BELOW TREND-465 SUPPORT--DAY 4 
PROJECTED DOWN: 451-439, UP 465-500  NET COMMITMENTS: LESS VOLATILE
INVESTMENT-FLAT/UP, VOLUME-LOW, WORLD STOCKS-HIGHER, PREMIUM FORWARD        
CANADIAN DOLLAR/USD4.00 DOLLAR DAILY LIMIT-   
TREND DOWN, MOVE UP+ACCELERATED-BUYLING ABOVE TREND RESISTANCE@7818-DAY 6
PROJECTED DOWN 7726-7650, UP 7818-7930  NET COMMITMENTS: MORE VOLATILE
INVESTMENT-FLAT, VOLUME-FLAT, FLAT FORWARD 
HEATING OIL (ULSD)HOM 25 CENT DAILY LIMIT
TREND DOWN, MOVE UP-ACCELERATED=BUYING ABOVE TREND-RESISTANCE@139 DAY 2
PROJECTED DOWN 126-116, UP  139-146  NET COMMITMENTS: MORE VOLATILE                 
INVESTMENT-FLAT, VOLUME-HIGHER  PREMIUM FORWARD
Post a Comment
Google+