Thursday, June 30, 2016

Commodity Settlements/CME, JUNE 30/2016 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            TEST OF BOTTOM@370-LOOKS BEARISH
TREND DOWN, TARGETS 424-418-407-399-386-370. COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-GAINING MOMENTUM-SELLING-JUST ABOVE TREND-CLOSED BELOW 370
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: UP-GAINED MOMENTUM-NET BUYING-A HIGH BELOW 1186 CONFIRMS TREND  
VOLUME UP/OPEN INTEREST DOWN-HIGHER LOW-HIGHER CLOSE-WORLD STOCKS DOWN

WHEAT/SEPT16: 35 CENT DAILY LIMIT                 
TREND DOWN, TARGETS: 534-483-463-445-415-391           COMMITMENTS-FLAT         
TRADING: DOWN-HOLDING MOMENTUM-MATCHED EVEN-@TREND-CLOSED BELOW 445
VOLUME UP/OPEN INTEREST-UP-LOWER HIGH-HIGHER 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-LOSING MOMENTUM-NET SELLING-BELOW TREND-LEG UP TO NEXT HIGH
VOLUME UP/OPEN INTEREST DOWN-HIGHER LOW-HIGHER CLOSE 
       
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT              
TREND DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT                        
TRADING: FLAT-LOST MOMENTUM-SELLING-MET RESISTANCE@P/CLOSED BELOW TREND
VOLUME DOWN/OPEN INTEREST UP-LOWER HIGH-HIGHER CLOSE         

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