Wednesday, June 29, 2016

Commodity Settlements/CME, JUNE 29/2016 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                                  TEST OF BOTTOM
TREND DOWN, TARGETS: 449-431-424-418-407-399-386. COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-GAINING MOMENTUM-SELLING-ABOVE TREND-TESTED/CLOSED BELOW 386
VOLUME UP/OPEN INTEREST FLAT-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: FLAT-LOSING MOMENTUM-NET SELLING-ABOVE TREND-CLOSED ABOVE 1108 SUPPORT 
VOLUME DOWN/OPEN INTEREST DOWN-HIGHER LOW-LOWER CLOSE-WORLD STOCKS DOWN

WHEAT/SEPT16: 35 CENT DAILY LIMIT                 
TREND DOWN, TARGETS: 534-483-463-445-415-391           COMMITMENTS-FLAT         
TRADING: DOWN-GAINING MOMENTUM-SELLING-@TREND AS RESISTANCE-CLOSEED BELOW 445
VOLUME UP/OPEN INTEREST-UP-LOWER HIGH-LOWER 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: UP-LOST MOMENTUM-NET BUYING-BELOW TREND-BELOW RESISTANCE@7761
VOLUME FLAT/OPEN INTEREST DOWN-HIGHER LOW-HIGHER CLOSE NEW LOW/NEW LEG
       
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT        NEXT-TEST OF TOP      
TREND DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT                        
TRADING: UP-GAINED MOMENTUM-BUYING-TESTED RESISTANCE/CLOSED ABOVE TREND
VOLUME UP/OPEN INTEREST UP-HIGHER LOW-HIGHER CLOSE         
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