Wednesday, May 18, 2016

Commodity Settlements/CME, MAY 18/2016 WEDNESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING STRENGTH DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVE RE; DIRECTION, MOMENTUM, ACTIVITY, TREND, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE

CORN/ZCN16: 30 CENT DAILY LIMIT                                           
TREND FLAT, TARGETS: 375-384-401-419. FLAT LOWS NET COMMITMENTS-LESS MOMENTUM
TRADING: UP-LESS STRENGTH-NET BUYING+DOUBLE RESISTANCE @ HIGH + @ (401)
OPEN INTEREST-UP, VOLUME-FLAT, FREE WORLD STOCKS-DOWN,  PREMIUM FORWARD

SOYBEANS/ZSN16: 70 CENT DAILY LIMIT
TREND UP, TARGETS: 1027-1045-1067-1094   NET COMMITMENTS-MORE MOMENTUM
TRADING: UP-FLAT STRENGTH-NET SELLING-RESISTANCE BELOW 1094+ON TREND   
OPEN INTEREST-UP, VOLUME-UP, WORLD STOCKS-DOWN, FLAT-LOWER FORWARD 

wheat/zwn16: 40 cent daily limit                                                       
TREND DOWN, TARGETS: 511-465-447-430.  NET COMMITMENTS: MORE MOMENTUM  
TRADING: FLAT-LESS STRENGTH-TRADE OFF-FLAT LOWER HIGHS-;LOOKS TOPPY   
OPEN INTEREST-DOWN, VOLUME-FLAT FREE WORLD STOCKS-DOWN, PREMIUM FORWARD        

CANADIAN DOLLAR/USD:/D6M16 4.00 DOLLAR DAILY LIMIT-   
TREND DOWN, TARGETS: 8025-7682-7545-7425.  NET COMMITMENTS-MORE MOMENTUM
TRADING: DOWN-FLAT STRENGTH-SELLING-TREND TO 7682+LAST LOW (SUPPORT)
OPEN INTEREST-DOWN, VOLUME-UP, FLAT FORWARD  LOWER HIGH

HEATING OIL (ULSD)HON16 25 CENT DAILY LIMIT
TREND UP, TARGETS: 134-139-145-165. NET COMMITMENTS-FLAT MOMENTUM 
TRADING: UP-MORE STRENGTH+TRADE OFF+TREND AS SUPPORT+CLOSED ABOVE 145 
OPEN INTEREST-UP,, VOLUME-UP  PREMIUM FORWARD

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