Saturday, June 18, 2016

Commodity Settlements/CME, JUNE 17/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY: DIRECTION, MOMENTUM, ACTIVITY, PREVAILING STRENGTH 
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/SEPT16: 30 CENT DAILY LIMIT    TEST OF TOP OF MOVE
TREND UP, TARGETS: 375-384-403-422-437.    MAINTAINING INCREASED MOMENTUM
TRADING: UP-ACCELERATING-BUYING-ABOVE TREND SUPPORT-TESTING 437 AS RESISTANCE 
VOLUME DOWN/OPEN INTEREST UP-HIGHER LOW-HIGHER CLOSE-FREE WORLD STOCKS DOWN

SOYBEANS/NOV16 70 CENT DAILY LIMIT    IST LEG DOWN FROM NEW HIGH COMPLETE         
TREND UP, TARGETS: 960-998-1075-1108-1152  MAINTAINING INCREASED MOMENTUM
TRADING: UP-ACCELERATION-BUYING-THROUGH TREND-VALID RESISTANCE@1152
VOLUME DOWN/OPEN INTEREST UP-HIGHER LOW-HIGHER CLOSE-WORLD STOCKS DOWN

WHEAT/SEPT16: 40 CENT DAILY LIMIT      1ST LEG DOWN FROM NEW HIGH COMPLETE           
TREND UP/LESS, TARGETS: 465-488-503-515.       MOMENTUM DECREASING
TRADING: UP-ACCELERATION-BUYING-AT TREND+CLOSED ABOVE 488 AS RESISTANCE
VOLUME DOWN/OPEN INTEREST-FLAT-HIGHER LOW-HIGHER CLOSE-FREE WORLD STOCKS-FLAT 

CANADIAN DOLLAR/USD: SEPT16 4.00 DOLLAR DAILY LIIMIT  AT BOTTOM OF FIRST LEG DOWN
TREND DOWN/LESS, TARGETS: 7867-7810-7745-7582,                   LOSING MOMENTUM
TRADING: UP-DECELERATION-NET BUYING-BELOW TREND AT 7810 AS RESISTANCE
VOLUME/OPEN INTEREST DOWN-HIGHER LOW-HIGHER CLOSE
       
HEATING OIL (ULSD)JULY16 25 CENT DAILY LIMIT   AT BOTTOM OF NEW 1ST LEG DOWN
TREND UP/LESS, TARGETS: 134-139-145-149-154.    MOMENTUM INCREASING-OVERSOLD
TRADING: UP-ACCELERATION-BUYING-REVERSAL SIGNAL MET RESISTANCE @149
VOLUME DOWN/OPEN INTEREST FLAT-LOWER LOW-HIGHER HIGH-CLOSE ABOVE HIGH     
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