Sunday, June 26, 2016

Commodity Settlements/CME, JUNE 24/2016 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/DEC16: 25 CENT DAILY LIMIT    
TREND DOWN, TARGETS: 449-431-424-418-407-399-386. COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-GAINED MOMENTUM-SELLING-TESTED/CLOSED ABOVE 386+@TREND
VOLUME UP/OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE-FREE W/STOCKS DOWN

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

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

CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT.      COMMITMENTS-LOST MOMENTUM   
TREND DOWN-3RD REVISED, TARGETS: 8018-7761-7658-7568-7418-7298,       
TRADING: DOWN-GAINED MOMENTUM-NET SELLING-TEST OF SUPPORT@7658
VOLUME UP/OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE
       
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT              
TREND DOWN/NEW, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT                        
TRADING: DONW-LOST MOMENTUM-SELLING-RESISTANCE@TREND-SUPPORT ABOVE 142
VOLUME UP/OPEN INTEREST FLAT-HIGHER HIGH-LOWER LOW/CLOSE=REVERSAL     

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