Tuesday, May 03, 2016

Commodity Settlements/CME, MAY 3/2016 TUESDAY
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+SELLING+TESTED/CLOSED BELOW SUPPORT@384    
TARGETS: 348  363  375  (384-390-403)  422    PREMIUM MARKET   LOWER CLOSE MOVE-DAY 3   
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
SOYBEANS: 70 CENT DAILY LIMIT
TRENDS: PRICE UP/STEEP+OPEN INTEREST-UP+HIGH VOLUME+WORLD /STOCKS-UP 
TRADING:UP+ACCELERATED+NET SELLING+TESTED SUPPORT/CLOSED ABOVE 1027 @ TREND  
TARGETS: 910  931  971  1012  (1027-1045))  DISCOUNT  MARKET NEW CROP  MOVE  DAY 7 
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP/LOWER+OPEN INTEREST UP+MODERATE VOLUME+W/STOCKS UP    
TRADING: DOWN+ACCELERATED+SELLNG+SUPPORT @ +CLOSED ABOVE 468 @ TREND 
TARGETS: 442  468  (488-503)  533  562   PREMIUM MARKET  LOWER CLOSE  MOVE DAY 3        
NET COMMITMENTS: USER LONG-LESS LONG, FUND SHORT-LESS SHORT = LESS VOLATILE
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP /LOWER-+OPEN INTEREST FLAT+MODERATE VOLUME
TRADING: DOWN+ACCELERATING+SELLING+THROUGH SUPPORT@7930+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 UP+MODERATE VOLUME
TRADING:DOWN+ACCELERATING+NET SELLING+TESTED SUPPORT@TREND/134/CLOSED BELOW                 
TARGETS: 86  103  116  126  (134-139)  145  165   PREMIUM MARKET  LOWER HIGH  MOVE DAY 2-
NET COMMITMENTS: USER SHORT-MORE SHORT, FUND LONG-MORE LONG = MORE VOLATILE
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