Commodity Settlements/CME, MAY 3/2016 TUESDAY
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/GRADUAL+OPEN INTEREST-FLAT+MODERATE VOLUME+WORLD STOCKS UP
TRADING: DOWN+ACCELERATED+SELLING+TESTED/CLOSED BELOW SUPPORT@384
TARGETS: 348 363 375 (384-390-403) 422 PREMIUM MARKET LOWER CLOSE MOVE-DAY 3
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP/STEEP+OPEN INTEREST-UP+HIGH VOLUME+WORLD /STOCKS-UP
TRADING:UP+ACCELERATED+NET SELLING+TESTED SUPPORT/CLOSED ABOVE 1027 @ TREND
TARGETS: 910 931 971 1012 (1027-1045)) DISCOUNT MARKET NEW CROP MOVE DAY 7
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT
TRENDS: PRICE UP/LOWER+OPEN INTEREST UP+MODERATE VOLUME+W/STOCKS UP
TRADING: DOWN+ACCELERATED+SELLNG+SUPPORT @ +CLOSED ABOVE 468 @ TREND
TARGETS: 442 468 (488-503) 533 562 PREMIUM MARKET LOWER CLOSE MOVE DAY 3
NET COMMITMENTS: USER LONG-LESS LONG, FUND SHORT-LESS SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE UP /LOWER-+OPEN INTEREST FLAT+MODERATE VOLUME
TRADING: DOWN+ACCELERATING+SELLING+THROUGH SUPPORT@7930+CLOSED BELOW
TARGETS: 6810 7170 7440 7650 (7818-7930-7996) 8070 8490 HIGHER LOW MOVE-DAY 6
NET COMMITMENTS:: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/MODERATE+OPEN INTEREST UP+MODERATE VOLUME
TRADING:DOWN+ACCELERATING+NET SELLING+TESTED SUPPORT@TREND/134/CLOSED BELOW
TARGETS: 86 103 116 126 (134-139) 145 165 PREMIUM MARKET LOWER HIGH MOVE DAY 2-
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
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