Wednesday, July 06, 2016

Commodity Settlements/CME, JULY 6/2016 WEDNESDAY

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      POSSIBLE START OF ISLAND REVERSAL UP
TREND DOWN, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TRADING: DOWN-LOSING MOMENTUM-SELLING-ABOVE  TREND-TESTED/CLOSED BELOW 356
VOLUME DOWN/OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE-FREE W/STOCKS DOWN

SOYBEANS/NOV16 65 CENT DAILY LIMIT                                           
TREND DOWN/LESS, TARGETS: 1186-1108-1077-1050. COMMITMENTS-GAINED MOMENTUM       
TRADING: DOWN-LOST MOMENTUM-NET BUYING-BABOVE TREND-TESTED SUPPORT@1050  
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: FLAT-LOST MOMENTUM-SELLING-MEWT TREND RESISTANCE-ABOVE SUPPORT@415
VOLUME DOWN/OPEN INTEREST-UP-LOWER HIGH-LOWER 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: DOWN-LOST MOMENTUM-NET BUYING-TESTED/CLOSED ABOVE TREND UP/7658
VOLUME UP/OPEN INTEREST UP-LOWER HIGH-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-BELOW TREND-CLOSED AB0VE 142
VOLUME UP/OPEN INTEREST DOWN-LOWER HIGH-HIGHER CLOSE         
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