Thursday, May 26, 2016

Commodity Settlements/CME, MAY 26/2016 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY: DIRECTION, PACE, ACTIVITY, PREVAILING STRENGTH 
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/ZCN16: 30 CENT DAILY LIMIT                                           
TREND UP, TARGETS: 384-391-401-419. NET COMMITMENTS-MORE VOLATILE
TRADING: UP, ACCELERATING+BUYING-RESISTANCE@TREND+401+TESTED/CLOSED ABOVE
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-DECELERATED-NET SELLNG+RESISTANCE@HIGHS/CLOSED BELOW1094+TREND   
OPEN INTEREST-UP VOLUME-FLAT, WORLD STOCKS-DOWN, DISCOUNT FORWARD 
WHEAT/ZWN16: 40 CENT DAILY LIMIT                                        
TREND DOWN REVISED LESS, TARGETS: 511-465-447-430.  NET COMMITMENTS: LESS VOLATILE  
TRADING:UP+ACCELERATED+BUYING+RESISTANCE@TREND+465 TESTED/CLOSED ABOVE 
OPEN INTEREST-FLAT 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-LESS VOLATILE
TRADING: UP-ACCELERATING-NET BUYING-ABOVE TREND+TESTED/CLOSED ABOVE RESISTANCE@1262 
OPEN INTEREST-DOWN VOLUME-DOWN, FLAT FORWARD           OVERBOUGHT
HEATING OIL (ULSD)HON16 25 CENT DAILY LIMIT
TREND UP, TARGETS: 134-139-145-165. NET COMMITMENTS-VOLATILE 
TRADING: FLAT-+ACCELERATED+BUYING+TREND AS SUPPORT+HIGHS AS RESISTANCE
OPEN INTEREST-UP, VOLUME UP  PREMIUM FORWARD         CLOSED LOWER ABOVE TREND

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