Tuesday, May 31, 2016

Commodity Settlements/CME, MAY 31/2016 TUESDAY
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-LESS SO, TARGETS: 384-391-401-419. NET COMMITMENTS-MORE VOLATILE
TRADING: DOWN-ACCELERATED+SELLING-CORRECTION OF MOVE UP-POSSIBLE LIQUIDATION
OPEN INTEREST-DOWN, VOLUME-UP, FREE WORLD STOCKS-DOWN,  PREMIUM FORWARD
SOYBEANS/ZSN16 70 CENT DAILY LIMIT
TREND UP TARGETS: 1027-1045-1067-1094  NET COMMITMENTS-VOLATILE-NO CHANGE
TRADING:UP-DECELERATING-NET SELLNG+PART OF A 2ND TOP@1094 AS RESISTANCE  
OPEN INTEREST-FLAT VOLUME-DOWN, WORLD STOCKS-DOWN, DISCOUNT FORWARD 
WHEAT/ZWN16: 40 CENT DAILY LIMIT                                        
TREND DOWN LESS SO, TARGETS: 511-465-447-430.  NET COMMITMENTS: MORE VOLATILE  
TRADING:DOWN+ACCELERATED+SELLING+TESTING TREND/465 SUPPORT-NEAR REVERSAL 
OPEN INTEREST-DOWN VOLUME-UP,  FREE WORLD STOCKS-DOWN, PREMIUM FORWARD        
CANADIAN DOLLAR/USD:/D6M16 4.00 DOLLAR DAILY LIMIT-   
TREND DOWN LESS SO, TARGETS: 8025-7682-7545-7425. NET COMMITMENTS-LESS VOLATILE
TRADING: DOWN-ACCELERATED-SELLING-BELOW TREND/7682-OVERSOLD
OPEN INTEREST-DOWN, VOLUME-UP, FLAT FORWARD         
HEATING OIL (ULSD)HON16 25 CENT DAILY LIMIT
TREND UP, TARGETS: 134-139-145-165. NET COMMITMENTS-MORE VOLATILE 
TRADING: FLAT-ACCELERATED+MATCHED+GOOD RESISTANCE@TREND/LAST HIGHS
OPEN INTEREST-UP, VOLUME UP  PREMIUM FORWARD          CLOSED BELOWTREND

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