Tuesday, June 21, 2016

Commodity Settlements/CME, JUNE 21/2016 TUESDAY
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/DEC16: 25 CENT DAILY LIMIT    QUOTED AS 40 CENTS FOR TOMORROW'S TRADING
TREND DOWN/NEW, TARGETS: 424-418-407-399-386.  MAJOR CORRECTION  
TRADING: DOWN-GAINED MOMENTUM-SELLING-MET SUPPORT/CLOSED@407-BELOWTREND
VOLUME UP/OPEN INTEREST UP-LOWER HIGH-LOWER CLOSE-FREE WORLD STOCKS DOWN

SOYBEANS/NOV16 65 CENT DAILY LIMIT          INCREASED MOMENTUM CONTINUES         
TREND DOWN/NEW, TARGETS: 1077-1050-1004-968      TEST OF TREND RESISTANCE
TRADING: DOWN-GAINED MOMENTUM-NET SELLING-MET SUPPORT@PREVIOUS LOW
VOLUME UP/OPEN INTEREST UP-LOWER HIGH-LOWER CLOSE-WORLD STOCKS DOWN

WHEAT/SEPT16: 35 CENT DAILY LIMIT              INCREASED MOMENTUM RETURNS           
TREND DOWN/NEW, TARGETS: 463-445-415-391         
TRADING: DOWN-GAINED MOMENTUM-SELLING-TREND AS RESISTANCE+LAST LOW AS SUPPORT
VOLUME UP/OPEN INTEREST-UP-LOWER HIGH-LOWER CLOSE-FREE WORLD STOCKS-FLAT 

CANADIAN DOLLAR/USD: SEPT16 4.00 DOLLAR DAILY LIIMIT 
TREND DOWN/LESS, TARGETS: 7867-7810-7745-7582,                  OVERSOLD 
TRADING: UP-LOST MOMENTUM-MATCHED SELLING-BELOW TREND AT 7810 AS RESISTANCE
VOLUME DOWN/OPEN INTEREST UP-HIGHER LOW-HIGHER CLOSE
       
HEATING OIL (ULSD)JULY16 25 CENT DAILY LIMIT   
TREND UP/LESS, TARGETS: 134-139-145-149-154.                        OVERSOLD
TRADING: FLAT-FLAT MOMENTUM-MATCHED BUYING-RESISTANCE HELD@149
VOLUME UP/OPEN INTEREST DOWN-FLAT LOW-LOWER CLOSE      
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