Thursday, May 19, 2016


Commodity Settlements/CME, MAY 19/2016 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM 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 HIGHS NET COMMITMENTS-LESS MOMENTUM
TRADING: DOWN-MORE MOMENTUM-SELLING+TOWARD FLAT LOWS+RESISTANCE@HIGHS
OPEN INTEREST-UP, VOLUME-UP, FREE WORLD STOCKS-DOWN,  PREMIUM FORWARD

soybeans/zsn16: 70 CENT DAILY LIMIT
TREND UP, TARGETS: 1027-1045-1067-1094   NET COMMITMENTS-MORE MOMENTUM
TRADING: DOWN-MORE MOMENTUM-MATCHED BUYING+TO TREND AS RESISTANCE  
OPEN INTEREST-DOWN 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: DOWN-MORE MOMENTUM+SELLING-LOWER HIGH+TESTED 465 SUPPORT
OPEN INTEREST-DOWN, VOLUME-UP,  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-MORE MOMENTUM-SELLING-BELOW TREND+CLOSED BELOW 7682
OPEN INTEREST-UP, 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: FLAT-LESS MOMENTUM BUYING+TREND AS SUPPORT+LOOKS TOPPY
OPEN INTEREST-UP,, VOLUME-DOWN  PREMIUM FORWARD

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