Tuesday, July 05, 2016

Commodity Settlements/CME, JULY 5/2016 TUESDAY

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        APPEARS AS EXHAUSTION GAP=356-333 BOTTOM 
TREND DOWN, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TRADING: DOWN/GAP-LOSING MOMENTUM-BUYING-ON TREND-TESTED/CLOSED ABOVE 356
VOLUME UP/OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE-FREE W/STOCKS DOWN

SOYBEANS/NOV16 65 CENT DAILY LIMIT   POSSIBLE BREAK AWAY GAP AT THESE LEVELS                                         
TREND DOWN/LESS, TARGETS: 1186-1108-1077-1050. COMMITMENTS-GAINED MOMENTUM       
TRADING: DOWN/GAP-GAINED MOMENTUM-SELLING-BELOW TREND-TESTED SUPPORT@1077  
VOLUME UP/OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE-WORLD STOCKS DOWN

WHEAT/SEPT16: 35 CENT DAILY LIMIT                 
TREND DOWN, TARGETS: 534-483-463-445-415-391      COMMITMENTS-GAINING MOMENTUM         
TRADING: DOWN-GAINED MOMENTUM-BUYING-ON TREND-MET SUPPORT@415
VOLUME UP/OPEN INTEREST-UP-LOWER HIGH-HIGHER CLOSE-FREE WORLD STOCKS-FLAT 

CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT.  COMMITMENTS-LOSING MOMENTUM   
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,          
TRADING: FLAT-GAINED MOMENTUM-NET SELLING ON TREND UP-TESTED/CLOSED BELOW 7761
VOLUME DOWN/OPEN INTEREST UP-HIGHER HIGH-LOWER LOW-LOWER CLOSE 
       
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT              
TREND DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT                        
TRADING: DOWN/REVERSAL-GAINED MOMENTUM-SELLING-TESTED/CLOSED BELOW TREND
VOLUME UP/OPEN INTEREST UP-HIGHER HIGH-LOWER LOW-LOWER CLOSE         
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