Friday, July 01, 2016

Commodity Settlements/CME, JULY 1/2016 FRIDAY


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-LESS BEARISH
TREND DOWN, TARGETS 424-418-407-399-386-370. COMMITMENTS-LOST MOMENTUM
TRADING: FLAT-LOST MOMENTUM-NET SELLING-OFF TREND-CLOSED BELOW 370
VOLUME DOWN/OPEN INTEREST UP-LOWER HIGH-FLAT CLOSE-FREE W/STOCKS DOWN

SOYBEANS/NOV16 65 CENT DAILY LIMIT                                            
TREND DOWN/LESS, TARGETS: 1186-1108-1077-1050. COMMITMENTS-GAINED MOMENTUM       
TRADING: FLAT-LOST MOMENTUM-NET SELLING-ON TREND-OLD RESISTANCE@1152  
VOLUME UP/OPEN INTEREST UP-LOWER HIGH-LOWER CLOSE-WORLD STOCKS DOWN

WHEAT/SEPT16: 35 CENT DAILY LIMIT                 
TREND DOWN, TARGETS: 534-483-463-445-415-391      COMMITMENTS-GAINED MOMENTUM         
TRADING: DOWN-HOLDING MOMENTUM-SELLING-OFF TREND-TESTED CLOSED BELOW 445
VOLUME UP/OPEN INTEREST-UP-LOWER HIGH-LOWER CLOSE-FREE WORLD STOCKS-FLAT 

CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT.  COMMITMENTS-GAINED MOMENTUM   
TREND DOWN, TARGETS: 8018-7761-7658-7568-7418-7298,       
TRADING: UP-HOLDING MOMENTUM-NET BUYING-OFF TREND-TESTED/CLOSED BELOW 7761
VOLUME DOWN/OPEN INTEREST FLAT-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: DOWN-LOST MOMENTUM-NET BUYING-ON TREND-@RESISTANCE@TREND
VOLUME UP/OPEN INTEREST UP-LOWER HIGH-HIGHER CLOSE         
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