Commodity Settlements/CME, APRIL21/2016 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO: DIRECTION, VOLATILITY, ACTIVITY, TRENDS, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT
TRENDS: PRICE UP/MORE-2ND REVISED+OPEN INTEREST-UP+HIGH VOLUME+W/STOCKS UP
TRADING: FLAT+ACCELERATED+NET SELLING+ABOVE TREND+MAJOR RESISTANCE@403
TARGETS: 348 363 375 (384-403) 422/NEW PREMIUM MARKET DAY 7 OF MOVE OVERBOUGHT
NET COMMITMENTS: USER LONG-LESS LONG, FUND SHORT-LESS SHORT = LESS VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP/MORE-ORIGINAL+OPEN INTEREST-DOWN+HIGH VOLUME+W/STOCKS-UP
TRADING: UP+DECELERATED+NET BUYING+ABOVE TREND+CLOSED ABOVE RESISTANCE@1012
TARGETS: 849 884 910 931 (971-1012) PREMIUM MARKET HIGHER CLOSE DAY 3 OF MOVE
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT
TRENDS: PRICE UP/MORE-1ST REVISED+OPEN INTEREST DOWN+HIGH VOLUME+W/STOCKS UP
TRADING: UP+FLAT+NET SELLING+ABOVE TREND/MET MAJOR RESISTANCE@/CLOSED BELOW 503
TARGETS: 442 (468-488) 503 533 562 PREMIUM MARKET HIGHER LOW DAY 6 OF MOVE
NET COMMITMENTS: USER LONG-MORE LONG, FUND SHORT-MORE SHORT = MORE VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE UP /MORE-2ND REVISED+ OPEN INTEREST/UP+MODERATE VOLUME
TRADING: FLAT+DECELERATED+SELLING+ON/CLOSED BELOW TREND ABOVE OCT/15 HIGH
TARGETS: 6810 7170 7440 (7650-8070) 8490 HIGHER LOW LOWER CLOSE DAY 2 OF MOVE
NET COMMITMENTS:: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/MORE-1ST REVISED+OPEN INTEREST DOWN+HIGH VOLUME
TRADING: UP+DECELERATED+SELLING+ABOVE TREND+CLOSED ABOVE TREND SUPPORT
TARGETS: 86 103 116 (126-145) 165 PREMIUM MARKET HIGHER LOW LOWER CLOSE
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG- = MORE VOLATILE
Thursday, April 21, 2016
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