Thursday, June 23, 2016

Commodity Settlements/CME, JUNE 23/2016 THURSDAY

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-LOSING MOMENTUM-SELLING-TESTED/CLOSED BELOW 399/TREND
VOLUME FLAT/OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE-FREE W/STOCKS DOWN

SOYBEANS/NOV16 65 CENT DAILY LIMIT                            ON TREND-IN BALANCE                 
TREND DOWN, TARGETS: 1186-1108-1077-1050-1004-968      
TRADING: DOWN-GAINED MOMENTUM-NET SELLING-TESTED/CLOSED BELOW TREND/1108 
VOLUME UP/OPEN INTEREST UP-LOWER LOW-LOWER CLOSE-WORLD STOCKS DOWN

WHEAT/SEPT16: 35 CENT DAILY LIMIT                               OVERSOLD
TREND DOWN, TARGETS: 534-483-463-445-415-391         
TRADING: DOWN-GAINED MOMENTUM-NET SELLING-MET SUPPORT@465-BELOW TREND
VOLUME UP/OPEN INTEREST-UP-LOWER HIGH-LOWER CLOSE-FREE WORLD STOCKS-FLAT 

CANADIAN DOLLAR/USD: SEPT16 4.00 DOLLAR DAILY LIIMIT    STRONG RESISTANCE 
TREND DOWN/LESS-3RD REVISED, TARGETS: 8018-7761-7658-7568-7418-7298,       
TRADING: UP-GAINED MOMENTUM-SELLING-MET RESISTANCE@/CLOSED BELOW TREND
VOLUME UP/OPEN INTEREST UP-HIGHER LOW-HIGHER CLOSE
       
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT               AT NEW TREND
TREND DOWN/NEW, TARGETS: 158-142-136-130-121-113                       
TRADING: FLAT-LOST MOMENTUM-BUYING-MET RESISTANCE@TREND-BELOW 158
VOLUME DOWN/OPEN INTEREST UP-HIGHER LOW-HIGHER CLOSE      
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