Commodity Settlements/CME, MAY 5/2016 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/CN: 30 CENT DAILY LIMIT
TREND DOWN, MOVE DOWN FROM LOWER HIGH BELOW TREND DAY 5 PREMIUM MARKET
PROJECTED UP: 370-402, DOWN 357-342 NET COMMITMENTS: MORE VOLATILE
INVESTMENT-LOWER, VOLUME-LOWER, WORLD STOCKS-HIGHER, OVERSOLD
SOYBEANS/SN: 70 CENT DAILY LIMIT
TREND UP, MOVE DOWN THROUGH TREND DAY 2 DISCOUNT MARKET FOR NEW CROP
PROJECTED UP: 1027-1045, DOWN: 989-971 NET COMMITMENTS: MORE VOLATILE
INVESTMENT: LOWER, VOLUME: LOWER, WORLD STOCKS: HIGHER, ON TREND
wheat/wn: 40 cent daily limit
TREND DOWN, MOVE DOWN FROM LOWER HIGH BELOW TREND DAY 5 PREMIUM MARKET
PROJECTED UP :465-500, DOWN: 451-439 NET COMMITMENTS: LESS VOLATILE
INVESTMENT-LOWER, VOLUME-LOWER, WORLD STOCKS-HIGHER. OVERSOLD
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TRENDS: PRICE UP /SLOWER-+OPEN INTEREST FLAT+MODERATE VOLUME
TRADING: FLAT+DECELERATING+OFFSET SELLING+BELOW TREND/7818
TARGETS: 6810 7170 7440 7650 (7726-7818) 7930 7996 8070 FLAT LOW MOVE-DAY 2
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+HIGH VOLUME
TRADING:FLAT+ACCELERATING+NET SELLING+TREND AS RESISTANCE+CLOSED BELOW 134
TARGETS: 86 103 116 126 (134-139) 145 165 PREMIUM MARKET FLAT LOWS MOVE DAY 4
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
Thursday, May 05, 2016
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