Commodity Settlements/CME, MAY 120/2016 FRIDAY

MARKETS: PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING

TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)

TRADING: DAILY MOVE/LENGTH OF PRICE RANGE, PREVAILING ACTIVITY, VS TREND, TARGETS

TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE

CORN/ZCN16: 30 CENT DAILY LIMIT                                           

TREND FLAT, TARGETS: 384-391-401-419. FLAT HIGHS NET COMMITMENTS-MORE VOLATILE

TRADING: MOVE FLAT-RANGE NARROWED-BUYING+RESISTANCE BELOW TREND-401

OPEN INTEREST-DOWN, VOLUME-DOWN, FREE WORLD STOCKS-DOWN,  PREMIUM FORWARD

SOYBEANS/ZSN16 70 CENT DAILY LIMIT

TREND UP, TARGETS: 1027-1045-1067-1094   NET COMMITMENTS-NEUTRAL

TRADING: MOVE UP-RANGE NARROWED-SELLING-RESISTANCE@1094+SUPPORT@TREND-1067  

OPEN INTEREST-FLAT VOLUME-UP, WORLD STOCKS-DOWN, FLAT-DISCOUNT FORWARD 

WHEAT/ZWN16: 40 cent daily limit                                                       

TREND DOWN, TARGETS: 511-465-447-430.  NET COMMITMENTS: LESS VOLATILE  

TRADING: MOVE DOWN-RANGE NARROWED+SELLING+BELOW TREND+TESTED SUPPORT@465

OPEN INTEREST-FLAT, VOLUME-DOWN,  FREE WORLD STOCKS-DOWN, PREMIUM FORWARD        

CANADIAN DOLLAR/USD:/D6M16 4.00 DOLLAR DAILY LIMIT-   

TREND DOWN, TARGETS: 8025-7682-7545-7425.  NET COMMITMENTS-LESS VOLATILE

TRADING: MOVE FLAT-RANGE NARROWED-SELLING-BELOW TREND+CLOSED BELOW 7682

OPEN INTEREST-UDOWN VOLUME-DOWN, FLAT FORWARD  LOWER HIGH

HEATING OIL (ULSD)HON16 25 CENT DAILY LIMIT

TREND UP, TARGETS: 134-139-145-165. NET COMMITMENTS-MORE VOLATILE 

TRADING: MOVE UP-RANGE NARROWED+BUYING+ABOVE TREND-145

OPEN INTEREST-UP,, VOLUME-UP  PREMIUM FORWARD