Monday, June 06, 2016

Commodity Settlements/CME, JUNE 6/2016 MONDAY
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: 391-401-419-454. NET COMMITMENTS-MORE SPECULATIVE
TRADING: UP-ACCELERATING+BUYING-POTENTIAL COVERING-BROKE RESISTANCE@419
OPEN INTEREST-DOWN+VOLUME-UP, 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:FLAT-DECELERATING-SELLING/PRE EXPIRY+RESISTANCE@1152 HOLDING 
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+NET BUYING-ABOVE TREND-BROKE RESISTANCE@503 
OPEN INTEREST-DOWN VOLUME-UFLAT  FREE WORLD STOCKS-DOWN, PREMIUM FORWARD        
CANADIAN DOLLAR/USD:/JUNE16 4.00 DOLLAR DAILY LIMIT-   
TREND UP-NEW, TARGETS: 7867-7962-8152-8343 . NET COMMITMENTS-MORE SPECULATIVE
TRADING: UP-ACCELERATING-BUYING-THROUGH RESISTANCE@PREVIOUS HIGHS
OPEN INTEREST-DOWN, VOLUME-DOWN,          HIGHER LOW
HEATING OIL (ULSD)JULY16 25 CENT DAILY LIMIT
TREND UP, TARGETS: 134-139-145-149-165. NET COMMITMENTS-VIRTUALLY FLAT 
TRADING: FLAT-DECELERATED+NET BUYING-RESISTANCE@149 HOLDING-BELOW TREND
OPEN INTEREST-DOWN, VOLUME DOWN  PREMIUM FORWARD          CLOSED LOWER
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