Thursday, June 09, 2016

Commodity Settlements/CME, JUNE 9/2016 THURSDAY
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                           LOOKING LIKE TOP OF MOVE   
TREND UPWARD, TARGETS: 401-419-433-454. NET COMMITMENTS-MORE SPECULATIVE
TRADING: LOWER THROUGH TREND-RESISTANCE@433 HELD-DECELERATED-NET SELLING
OPEN INTEREST-LOWER+HIGH/CLOSE-LOWER+FREE WORLD STOCKS-LOWER
SOYBEANS/JULY16 70 CENT DAILY LIMIT           OVERBOUGHT AND AT LAST TARGET
TREND UPWARD TARGETS: 960-998-1075-1152  NET COMMITMENTS-MORE SPECULATIVE
TRADING:FLAT-ABOVE TREND-RESISTANCE@1152-DECELERATED-TRADE OFF
OPEN INTEREST-LOWER+HIGH LOWER-CLOSE-FLAT-WORLD STOCKS-LOWER
WHEAT/JULY16: 40 CENT DAILY LIMIT                 STRONG RESISTANCE IS HOLDING            
TREND UPWARD/MORE SO, TARGETS: 488-503-515-533. NET COMMITMENTS: HEDGING  
TRADING: FLAT+BELOW TREND-RESISTANCE@515-DECELERATED+NET SELLING 
OPEN INTEREST LOWER-HIGH-LOWER-LOW/CLOSE FLAT-FREE WORLD STOCKS-LOWER        
CANADIAN DOLLAR/USD:/JUNE16 4.00 DOLLAR DAILY LIMIT-   
TREND UPWARD, TARGETS: 7867-7908-7962-8152, NET COMMITMENTS-MORE SPECULATIVE
TRADING: FLAT-BESIDE TREND (STEEP)-RESISTANCE@7908-DECELERATED-NET SELLING
OPEN INTEREST LOWER-HIGH/CLOSE-LOWER-LOW-FLAT   STRUGGLING TO MAINTAIN STEEP TREND   
HEATING OIL (ULSD)JULY16 25 CENT DAILY LIMIT    CONTINUES TO MAINTAIN TREND
TREND UPWARD, TARGETS: 134-139-145-149-154. NET COMMITMENTS-VIRTUALLY FLAT 
TRADING: HIGHER-NET SELLING THROUGH TREND TO SUPPORT@154-DECELERATED
OPEN INTEREST LOWER-LOW HIGHER-CLOSE LOWER  PREMIUM FORWARD      

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