Saturday, June 04, 2016

Commodity Settlements/CME, JUNE 3/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY: DIRECTION, PACE, ACTIVITY, PREVAILING STRENGTH 
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/JULY16: 30 CENT DAILY LIMIT                                           
TREND UP-LESS SO, TARGETS: 384-391-401-419. NET COMMITMENTS-MORE SPECULATIVE
TRADING: FLAT-ACCELERATED+NET BUYING-MEETING RESISTANCE+CLOSING@TREND+419
OPEN INTEREST+VOLUME-DOWN, FREE WORLD STOCKS-DOWN,  PREMIUM FORWARD
SOYBEANS/JULY16 70 CENT DAILY LIMIT
TREND UP TARGETS: 960-998-1075-1152  NET COMMITMENTS-SLIGHTLY MORE SPECULATIVE
TRADING:UP-DECELERATED-NET SELLING+INDICATING LIQUIDATION BEFORE JULY EXPIRY 
OPEN INTEREST+VOLUME-DOWN, WORLD STOCKS-DOWN, DISCOUNT FORWARD 
WHEAT/JULY16: 40 CENT DAILY LIMIT                                        
TREND UP, TARGETS: 488-503-533-562.  NET COMMITMENTS: FLAT, NEUTRAL  
TRADING:UP+ACCELERATING+BUYING+SHORT COVERING OFTEN SHORT TERM 
OPEN INTEREST-DOWN VOLUME-UP,  FREE WORLD STOCKS-DOWN, PREMIUM FORWARD        
CANADIAN DOLLAR/USD:/JUNE16 4.00 DOLLAR DAILY LIMIT-   
TREND DOWN LESS SO, TARGETS: 8025-7682-7545-7425. NET COMMITMENTS-LESS VOLATILE
TRADING: UP-ACCELERATED-BUYING-RALLY-THROUGH 7682 MET RESISTANCE@LAST HIGH
OPEN INTEREST-DOWN, VOLUME-DOWN,          
HEATING OIL (ULSD)JULY16 25 CENT DAILY LIMIT
TREND UP, TARGETS: 134-139-145-165. NET COMMITMENTS-VIRTUALLY FLAT 
TRADING: FLAT-DECELERATED+SELLING-FLAT RESISTANCE@HIGHS-MOVING AWAY FROM TREND
OPEN INTEREST-DOWN, VOLUME DOWN  PREMIUM FORWARD          CLOSED LOWER

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