Wednesday, May 25, 2016

Commodity Settlements/CME, MAY 25/2016 WEDNESDAY
MARKETS: PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVE/LENGTH OF PRICE RANGE, PREVAILING ACTIVITY, 
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/ZCN16: 30 CENT DAILY LIMIT                                           
TREND CONSOLIDATION, TARGETS: 384-391-401-419. NET COMMITMENTS-MORE VOLATILE
TRADING: UP, NARROW+BUYING-PENETRATED RESISTANCE NEED HIGHER CLOSE GO FURTHER
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-VOLATILE
TRADING:UP+MODERATE-BUYING+RECONFIRMED ORIGINAL TREND RESISTANCE+CLOSED UP  
OPEN INTEREST-UP VOLUME-UP, WORLD STOCKS-DOWN, DISCOUNT FORWARD 
WHEAT/ZWN16: 40 cent daily limit                                                       
TREND DOWN REVISED UP, TARGETS: 511-465-447-430.  NET COMMITMENTS: LESS VOLATILE  
TRADING:FLAT+NARROWED+NET BUYING+465 AS RESISTANCE+BELOW TREND+CLOSED UP
OPEN INTEREST-UP VOLUME-DOWN,  FREE WORLD STOCKS-DOWN, PREMIUM FORWARD        
CANADIAN DOLLAR/USD:/D6M16 4.00 DOLLAR DAILY LIMIT-   
TREND DOWN, TARGETS: 8025-7682-7545-7425.  NET COMMITMENTS-LESS VOLATILE
TRADING: UP-NARROW-BUYING-TREND AS SUPPORT+7682 AS RESISTANCE 
OPEN INTEREST-DOWN VOLUME-DOWN, FLAT FORWARD      CLOSED UP
HEATING OIL (ULSD)HON16 25 CENT DAILY LIMIT
TREND UP, TARGETS: 134-139-145-165. NET COMMITMENTS-VOLATILE 
TRADING: UP-NARROW+MATCHED+ABOVE TREND+145+RESISTANCE AT PREVIOUS HIGH
OPEN INTEREST-UP, VOLUME UP  PREMIUM FORWARD         CLOSED UP
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