Commodity Settlements/CME, MAY 13/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVE RE; DIRECTION, MOMENTUM, ACTIVITY, TREND, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/CN: 30 CENT DAILY LIMIT
TREND DOWNWARD, TARGETS: 402-370-357-346. NET COMMITMENTS-LESS MOMENTUM
TRADING: UP-DECELERATING-SHORT COVERING+RESISTANCE AT TREND + LAST HIGH
OPEN INTEREST-LOWER, VOLUME-LOWER, WORLD STOCKS-LOWER, PREMIUM FORWARD
SOYBEANS/SN: 70 CENT DAILY LIMIT
TREND UPWARD, TARGETS: 1027-1045-1067-1094 NET COMMITMENTS-MORE MOMENTUM
TRADING: DOWN-DECELERATING-NET LIQUIDATION-@TREND+THROUGH SUPPORT @ 1067
OPEN INTEREST-LOWER, VOLUME-FLAT, WORLD STOCKS-LOWER, FLAT-LOWER FORWARD
wheat/wn: 40 cent daily limit
TREND DOWNWARD, TARGETS: 511-465-447-430. NET COMMITMENTS: MORE MOMENTUM
TRADING: UP-ACCELERATING-MIXED BUYING-FROM TREND AS SUPPORT-ABOVE 465
OPEN INTEREST-FLAT, VOLUME-HIGHER, WORLD STOCKS-HIGHER, PREMIUM FORWARD
CANADIAN DOLLAR/USD:/CDM 4.00 DOLLAR DAILY LIMIT-
TREND DOWNWARD, TARGETS: 8025-7682-7545-7425. NET COMMITMENTS-MORE MOMENTUM
TRADING: DOWN-ACCELERATED-NET SHORT SELLING-BELOW TREND+ BELOW 7682-
OPEN INTEREST-UP, VOLUME-LOWER, FLAT FORWARD LOWER HIGH OVERSOLD
HEATING OIL (ULSD)HOM 25 CENT DAILY LIMIT
TREND UPWARD, TARGETS: 116-126-139-146. NET COMMITMENTS-FLAT MOMENTUM
TRADING: UP-DECELERATING+NET BUYING+TESTED/CLOSED ABOVE 139 BELOW TREND
OPEN INTEREST-UP,, VOLUME-LOWER PREMIUM FORWARD
Friday, May 13, 2016
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