Wednesday, June 22, 2016

Commodity Settlements/CME, JUNE 22/2016 WEDNESDAY

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    
TREND DOWN, TARGETS: 449-431-424-418-407-399-386.    OVERSOLD
TRADING: DOWN-LOST MOMENTUM-NET SELLING-TESTED/CLOSED BELOW 407/TREND
VOLUME DOWN/OPEN INTEREST UP-LOWER HIGH-LOWER CLOSE-FREE W/STOCKS DOWN

SOYBEANS/NOV16 65 CENT DAILY LIMIT                   
TREND DOWN, TARGETS: 1186-1108-1077-1050-1004-968      
TRADING: DOWN-LOST MOMENTUM-NET BUYING-TESTED 1108 SUPPORT/CLOSED@TREND
VOLUME FLAT/OPEN INTEREST DOWN-LOWER HIGH-HIGHER CLOSE-WORLD STOCKS DOWN

WHEAT/SEPT16: 35 CENT DAILY LIMIT                         
TREND DOWN, TARGETS: 534-483-463-445-415-391         
TRADING: DOWN-LOST MOMENTUM-NET SELLING-MET SUPPORT MID 483-463/BELOW TREND
VOLUME FLAT/OPEN INTEREST-UP-LOWER HIGH-LOWER CLOSE-FREE WORLD STOCKS-FLAT 

CANADIAN DOLLAR/USD: SEPT16 4.00 DOLLAR DAILY LIIMIT 
TREND DOWN/LESS-3RD REVISED, TARGETS: 8018-7761-7658-7568-7418-7298,       
TRADING: FLAT-MOMENTUM FLAT-MATCHED SELLING-BELOW TREND AS RESISTANCE
VOLUME UP/OPEN INTEREST UP-LOWER LOW-HIGHER HIGH-HIGHER CLOSE
       
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT   
TREND UP/LESS-REVISED, TARGETS: 134-139-145-149-154.                        OVERSOLD
TRADING: UP-MOMENTUM FLAT-NET SELLING-MET RESISTANCE@154/BELOW TREND
VOLUME FLAT/OPEN INTEREST UP-HIGHER LOW-FLAT CLOSE      

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