Friday, July 22, 2016
Commodity Settlements/CME, JULY 25/2016 MONDAY
markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY MOVE: LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY/WEEKLY MOVE: DIRECTION, ACTIVITY. MOMENTUM, PREVAILING STRENGTH
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF MOVE
CORN/CZ16: 25 CENT DAILY LIMIT POTENTIAL BOTTOM FOR THIS MOVE
TREND-LINE DOWN/LESS SO, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-NET BUYING-LOSING MOMENTUM-VOLUME DOWN-LOWER HIGH-HIGHER CLOSE
BELOW REVISED TREND-LINE-TESTED/CLOSED ABOVE SUPPORT@333-FREE WORLD/STOCKS UP
SOYBEANS/SX16 65 CENT DAILY LIMIT POTENTIAL BOTTOM FOR THIS MOVE
TREND-LINE DOWN/LESS SO, TARGETS: 1077-1050-1004-968. COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-NET SELLING-GAINED MOMENTUM-LOWER VOLUME-LOWER CLOSE
TESTED SUPPORT@YEARLY TREND-LINE UP+@968-CLOSED ABOVE 968-BELOW TREND-WORLD STOCKS FLAT
WHEAT/SU16: 35 CENT DAILY LIMIT POTENTIAL BOTTOM FOR THIS MOVE
TREND-LINE DOWN/LESS SO, TARGETS: 463-445-415-391 COMMITMENTS-MAINTAINED MOMENTUM
TRADING: UP-NET BUYING-GAINED MOMENTUM-HIGHER VOLUME-LOWER LOW-HIGHER CLOSE
@TREND-LINE AS RESISTANCE-CLOSED@TREND-LINE-TEST OF BOTTOM@415-FREE WORLD STOCKS-UP
CANADIAN DOLLAR/USD: CDU16 4.00 DAILY LIIMIT. COMMITMENTS-GAINED MOMENTUM
TREND-LINE DOWN/MORE SO, TARGETS: 8018-7761-7658-7568-7418-7298,
TRADING: DOWN-NET SELLING-GAINED MOMENTUM-HIGHER VOLUME-LOWER HIGH-LOWER CLOSE
BELOW TREND-LINE-RELATIVE STRENGTH LIES IN SUPPORT@THIS THE SIXTH FLAT LOW
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT A SECOND LOWER HIGH CONFIRMS DIRECTION
TREND-LINE DOWN/LESS SO, TARGETS: 158-142-136-130-121-113, COMMITMENTS-LOST MOMENTUM
TRADING: DOWN-NET SELLING-LOST MOMENTUM-HIGHER VOLUME-LOWER HIGH-LOWER CLOSE
BELOW TREND-LINE-@SUPPORT@136+CONVERGING RALLY TREND-NET SELLING INDICATES SOME BUYING
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