Commodity Settlements/CME, MAY 6/2016 FRIDAY
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+LESS FORCE=NET BUYING BELOW TREND@LAST LOW DAY 6
PROJECTED: DOWN 357-346 UP 370-403, NET COMMITMENTS: VOLATILE-NO CHANGE
INVESTMENT-LOWER, VOL-LOWER, W/STOCKS-HIGHER, OVERSOLD, PREMIUM FORWARD
SOYBEANS/SN: 70 CENT DAILY LIMIT
TREND UP, MOVE DOWN+LESS FORCE=BUYING BELOW TREND@1012 DAY 3
PROJECTED UP: 1027-1045, DOWN: 1012-989 NET COMMITMENTS: MORE VOLATILE
INVESTMENT: FLAT, VOLUME: LOWER, W/STOCKS: HIGHER, DISCOUNT SEP16 FORWARD
wheat/wn: 40 cent daily limit
TREND DOWN, MOVE DOWN+LESS FORCE=SELLING BELOW TREND THROUGH 465 DAY 6
PROJECTED DOWN: 451-439, UP 465-500 NET COMMITMENTS: LESS VOLATILE
INVESTMENT-FLAT, VOLUME-LOWER, W/STOCKS-HIGHER. OVERSOLD, PREMIUM FORWARD
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-
TREND DOWN, MOVE DOWN+MORE FORCE=SELLING ON TREND TO 7726 DAY 3
PROJECTED DOWN 7726-7650, UP 7818-7930 NET COMMITMENTS: MORE VOLATILE
INVESTMENT-UP, VOLUME-HIGHER,
HEATING OIL (ULSD)HOM 25 CENT DAILY LIMIT
TREND DOWN, MOVE DOWN+LESS FORCE=OFFSET BELOW TREND THROUGH 134 DAY 5
PROJECTED DOWN 126-116, UP 134-139 NET COMMITMENTS: MORE VOLATILE
INVESTMENT-TOPPING, VOLUME-LOWER PREMIUM FORWARD
Friday, May 06, 2016
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