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
Wednesday, May 18, 2016
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