Commodity Settlements/CME, MAY 17/2016 TUESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING STRENGTH 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/ZCN16: 30 CENT DAILY LIMIT
TREND FLAT, TARGETS: 402-370-357-346. FLAT LOWS NET COMMITMENTS-LESS MOMENTUM
TRADING: UP-LESS STRENGTH-BUYING+MET RESISTANCE AT LAST HIGH (395)/CLOSED ABOVE
OPEN INTEREST-DOWN, VOLUME-UP, FREE WORLD STOCKS-DOWN, PREMIUM FORWARD
SOYBEANS/ZSN16: 70 CENT DAILY LIMIT
TREND HIGHER, TARGETS: 1027-1045-1067-1094 NET COMMITMENTS-MORE MOMENTUM
TRADING: UP-MORE STRENGTH-NET BUYING-THROUGH/CLOSED ABOVE TREND AND 1067
OPEN INTEREST-UP, VOLUME-UP, WORLD STOCKS-DOWN, FLAT-LOWER FORWARD
wheat/zwn16: 40 cent daily limit
TREND LOWER, TARGETS: 511-465-447-430. NET COMMITMENTS: MORE MOMENTUM
TRADING: UP-MORE STRENGTH-NET BUYING-REVISING TREND TO LESS BEARISH
OPEN INTEREST-DOWN, VOLUME-UP, FREE WORLD STOCKS-DOWN, PREMIUM FORWARD
CANADIAN DOLLAR/USD:/D6M16 4.00 DOLLAR DAILY LIMIT-
TREND LOWER, TARGETS: 8025-7682-7545-7425. NET COMMITMENTS-MORE MOMENTUM
TRADING: UP-M0RE STRENGTH-NET SELLING-BROKE RESISTANCE/CLOSED BELOW TREND
OPEN INTEREST-UP, VOLUME-UP, FLAT FORWARD HIGHER LOW
HEATING OIL (ULSD)HON16 25 CENT DAILY LIMIT
TREND UP, TARGETS: 116-126-139-146. NET COMMITMENTS-FLAT MOMENTUM
TRADING: UP-LESS STRENGTH+BUYING+TESTED RESISTANCE@TREND+146/CLOSED ABOVE
OPEN INTEREST-UP,, VOLUME-DOWN PREMIUM FORWARD
Tuesday, May 17, 2016
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