Monday, May 09, 2016

Commodity Settlements/CME, MAY 9/2016 MONDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO: DIRECTION, FORCE, ACTIVITY, TRENDS, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/CN: 30 CENT DAILY LIMIT                                           
TREND DOWN, MOVE DOWN-MORE SO=SELLING-LOWER HIGH-BELOW LAST LOW+370-DAY 1 
PROJECTED: DOWN 357-346  UP 370-403, NET COMMITMENTS: VOLATILE-NO CHANGE
INVESTMENT-LOWER, VOLUME-HIGHER, WORLD STOCKS-HIGHER,  PREMIUM FORWARD
SOYBEANS/SN: 70 CENT DAILY LIMIT
TREND UP, MOVE UP-DECELERATED-SELLING@1045-BELOW TREND-DAY 1
PROJECTED UP: 1027-1045,  DOWN: 1012-989  NET COMMITMENTS: MORE VOLATILE   
INVESTMENT-UP, VOLUME-LOWER, WORLD STOCKS-HIGHER, DISCOUNT FORWARD 
wheat/wn: 40 cent daily limit                                                       
TREND DOWN, MOVE DOWN-MORE SO-ACCELERATED=SELLING BELOW TREND+465 DAY 4 
PROJECTED DOWN: 451-439, UP 465-500  NET COMMITMENTS: LESS VOLATILE
INVESTMENT-FLAT/UP, VOLUME-LOW, WORLD STOCKS-HIGHER, PREMIUM FORWARD        
CANADIAN DOLLAR/USD4.00 DOLLAR DAILY LIMIT-   
TREND DOWN, MOVE DOWN+DECELERATED=NET SELLING ON TREND BELOW 7726-DAY 4
PROJECTED DOWN 7726-7650, UP 7818-7930  NET COMMITMENTS: MORE VOLATILE
INVESTMENT-UP, VOLUME-LOWER, FLAT FORWARD 
HEATING OIL (ULSD)HOM 25 CENT DAILY LIMIT
TREND DOWN, MOVE DOWN-ACCELERATED=NET SELLING BELOW TREND+134 DAY 2
PROJECTED DOWN 126-116, UP  134-139  NET COMMITMENTS: MORE VOLATILE                 
INVESTMENT-LOWER, VOLUME-LOWER  PREMIUM FORWARD
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