Monday, July 25, 2016

Commodity Settlements/CME, JULY 25/2016 MONDAY

Markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY MOVE: LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY/WEEKLY MOVE: DIRECTION, MOMENTUM, ACTIVITY PREVAILING STRENGTH
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE

CORN/CZ16: 25 CENT DAILY LIMIT POTENTIAL       UP FROM BOTTOM @ 333
TREND: DOWN/LESS SO, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOST MOMENTUM
TRADING: 1ST DAY UP-LESS MOMENTUM-MATCHED-VOLUME UP-HIGHER LOW-FLAT CLOSE
OVERSOLD-ABOVE SUPPORT@333-FUTURES FORWARD AT PREMIUM-FREE WORLD/STOCKS UP

SOYBEANS/SX16 65 CENT DAILY LIMIT      POTENTIAL BOTTOM FOR THIS MOVE
TREND DOWN/MORE SO, TARGETS: 1077-1050-1004-968. COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-LESS MOMENTUM-NET SELLING-HIGHER VOLUME-LOWER CLOSE
OVERSOLD-TESTED/CLOSED BELOW 968-FUTURES FORWARD AT DISCOUNT-WORLD STOCKS FLAT

WHEAT/SU16: 35 CENT DAILY LIMIT POTENTIAL     UP FROM BOTTOM AT 415
TREND: DOWN/LESS SO, TARGETS: 463-445-415-391 COMMITMENTS-MAINTAINED MOMENTUM
TRADING: UP-LESS MOMENTUM-NET BUYING-HIGHER VOLUME-HIGHER LOW-HIGHER CLOSE
TREND AS RESISTANCE/CLOSED ABOVE-FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP

CANADIAN DOLLAR/USD: CDU16 4.00 DAILY LIIMIT. COMMITMENTS-GAINED MOMENTUM
TREND: DOWN/MORE SO, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: DOWN-LESS MOMENTUM-SELLING-LOWER VOLUME-LOWER HIGHS-LOWER CLOSE
BELOW TREND-TESTED/CLOSED BELOW SUPPORT AT 5 PREVIOUS LOWS

HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT 
TRENDS: DOWN, TARGETS: 158-142-136-130-121-113, COMMITMENTS-MAINTAINED MOMENTUM
TRADING: DOWN-LOSING MOMENTUM-FLAT VOLUME-LOWER HIGHS-LOWER CLOSE
BELOW TREND-DOWN FROM 5TH LOWER HIGH-NEW LOW
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