Monday, May 02, 2016

Commodity Settlements/CME, MAY 2/2016 MONDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TRENDS: LINES THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVEMENT RELATIVE TO: DIRECTION, VOLATILITY, ACTIVITY, TRENDS, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT                                           
TRENDS: PRICE UP/GRADUAL+OPEN INTEREST-FLAT+MODERATE VOLUME+WORLD STOCKS UP
TRADING: DOWN+ACCELERATED+BUYING+SUPPORT@384 AREA+CLOSED ABOVE 390/TREND    
TARGETS: 348  363  375  (384-390-403)  422    PREMIUM MARKET   LOWER HIGH  MOVE-DAY 1   
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP/STEEP+OPEN INTEREST-DOWN+MODERATE VOLUME+WORLD /STOCKS-UP 
TRADING:UP+ACCELERATED+NET BUYING+RESISTANCE/CLOSED @1045+ABOVE TREND  
TARGETS: 910  931  971  (1012-1027-1045))  PREMIUM MARKET  HIGHER LOW  HIGHER CLOSE  DAY 6 
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP/MODERATE+OPEN INTEREST DOWN+MODERATE VOLUME+W/STOCKS UP    
TRADING: FLAT+DECELERATED+BUYING+RESISTANCE/CLOSED@488+BELOW TREND 
TARGETS: 442  468  (488-503)  533  562   PREMIUM MARKET  HIGHER LOW  MOVE DAY 6        
NET COMMITMENTS: USER LONG-LESS LONG, FUND SHORT-LESS SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP /MODERATE-STEEP+ OPEN INTEREST UP/FLAT+LOW VOLUME
TRADING: FLAT+DECELERATING+OFFSET+RESISTANCE@TREND+7996+CLOSED BELOW  
TARGETS:  6810  7170  7440  7650  7818  (7930-7996)  8070  8490  HIGHER LOW   MOVE-DAY 6
NET COMMITMENTS:: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE 
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP/MODERATE+OPEN INTEREST DOWN+MODERTAE VOLUME
TRADING:DOWN+ACCELERATED+NET SELLING+SUPPORT/CLOSED @ TREND ABOVE 134                 
TARGETS: 86  103  116  126  (134-139)  145  165   PREMIUM MARKET  LOWER HIGH  MOVE DAY 1
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
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