Saturday, May 21, 2016


Commodity Settlements/CME, MAY 120/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVE/LENGTH OF PRICE RANGE, PREVAILING ACTIVITY, VS TREND, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/ZCN16: 30 CENT DAILY LIMIT                                           
TREND FLAT, TARGETS: 384-391-401-419. FLAT HIGHS NET COMMITMENTS-MORE VOLATILE
TRADING: MOVE FLAT-RANGE NARROWED-BUYING+RESISTANCE BELOW TREND-401
OPEN INTEREST-DOWN, VOLUME-DOWN, FREE WORLD STOCKS-DOWN,  PREMIUM FORWARD
SOYBEANS/ZSN16 70 CENT DAILY LIMIT
TREND UP, TARGETS: 1027-1045-1067-1094   NET COMMITMENTS-NEUTRAL
TRADING: MOVE UP-RANGE NARROWED-SELLING-RESISTANCE@1094+SUPPORT@TREND-1067  
OPEN INTEREST-FLAT VOLUME-UP, WORLD STOCKS-DOWN, FLAT-DISCOUNT FORWARD 
WHEAT/ZWN16: 40 cent daily limit                                                       
TREND DOWN, TARGETS: 511-465-447-430.  NET COMMITMENTS: LESS VOLATILE  
TRADING: MOVE DOWN-RANGE NARROWED+SELLING+BELOW TREND+TESTED SUPPORT@465
OPEN INTEREST-FLAT, VOLUME-DOWN,  FREE WORLD STOCKS-DOWN, PREMIUM FORWARD        
CANADIAN DOLLAR/USD:/D6M16 4.00 DOLLAR DAILY LIMIT-   
TREND DOWN, TARGETS: 8025-7682-7545-7425.  NET COMMITMENTS-LESS VOLATILE
TRADING: MOVE FLAT-RANGE NARROWED-SELLING-BELOW TREND+CLOSED BELOW 7682
OPEN INTEREST-UDOWN VOLUME-DOWN, FLAT FORWARD  LOWER HIGH
HEATING OIL (ULSD)HON16 25 CENT DAILY LIMIT
TREND UP, TARGETS: 134-139-145-165. NET COMMITMENTS-MORE VOLATILE 
TRADING: MOVE UP-RANGE NARROWED+BUYING+ABOVE TREND-145
OPEN INTEREST-UP,, VOLUME-UP  PREMIUM FORWARD
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