Commodity Settlements/CME, MAY 11/2016 WEDNESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO: DIRECTION, FORCE, ACTIVITY, TRENDS, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/CN: 30 CENT DAILY LIMIT
TREND DOWN, MOVE FLAT-DECELERATED-NET SELLING-BELOW TREND-SUPPORT@370 DAY 3
PROJECTED: DOWN 357-346 UP 370-403, NET COMMITMENTS: VOLATILE-NO CHANGE
INVESTMENT-HIGHER, VOLUME-LOWER, WORLD STOCKS-LOWER, PREMIUM FORWARD
SOYBEANS/SN: 70 CENT DAILY LIMIT
TREND UP, MOVE FLAT-DECELERATED-SELLING-BELOW TREND-SUPPORT @1027-DAY 3
PROJECTED UP: 1067-1094, DOWN: 1045-1027 NET COMMITMENTS: MORE VOLATILE
INVESTMENT-UP, VOLUME-LOWER, WORLD STOCKS-LOWER, FLAT-LOWER FORWARD
wheat/wn: 40 cent daily limit
TREND DOWN, MOVE FLAT-DECELERATED-SELLING BELOW TREND-465 SUPPORT--DAY 4
PROJECTED DOWN: 451-439, UP 465-500 NET COMMITMENTS: LESS VOLATILE
INVESTMENT-FLAT/UP, VOLUME-LOW, WORLD STOCKS-HIGHER, PREMIUM FORWARD
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TREND DOWN, MOVE UP+ACCELERATED-BUYLING ABOVE TREND RESISTANCE@7818-DAY 6
PROJECTED DOWN 7726-7650, UP 7818-7930 NET COMMITMENTS: MORE VOLATILE
INVESTMENT-FLAT, VOLUME-FLAT, FLAT FORWARD
HEATING OIL (ULSD)HOM 25 CENT DAILY LIMIT
TREND DOWN, MOVE UP-ACCELERATED=BUYING ABOVE TREND-RESISTANCE@139 DAY 2
PROJECTED DOWN 126-116, UP 139-146 NET COMMITMENTS: MORE VOLATILE
INVESTMENT-FLAT, VOLUME-HIGHER PREMIUM FORWARD
Wednesday, May 11, 2016
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