Thursday, May 12, 2016

Commodity Settlements/CME, MAY 12/2016 THURSDAY
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 UP-DECELERATING-BUYING-TREND-DIRECTION TO BE CONFIRMED 
PROJECTED: DOWN 357-346  UP 370-403, NET COMMITMENTS: VOLATILE-NO CHANGE
INVESTMENT-DOWN, VOLUME-HIGHER, WORLD STOCKS-LOWER,  PREMIUM FORWARD
SOYBEANS/SN: 70 CENT DAILY LIMIT
TREND UP, MOVE DOWN-DECELERATING-NET SELLING-LOWER HIGH-LOOKS TOPPY@1094
PROJECTED UP: 1067-1094,  DOWN: 1045-1027  NET COMMITMENTS: MORE VOLATILE   
INVESTMENT-DOWN, VOLUME-HIGHER, WORLD STOCKS-LOWER, FLAT-LOWER FORWARD 
wheat/wn: 40 cent daily limit                                                       
TREND DOWN, MOVE UP-ACCELERATED-BUYING-AT TREND, DIRECTION TO BE CONFIRMED 
PROJECTED DOWN: 451-439, UP 465-500  NET COMMITMENTS: VIRTUALLY FLAT
INVESTMENT-UP, VOLUME-HIGHER, WORLD STOCKS-HIGHER, PREMIUM FORWARD        
CANADIAN DOLLAR/USD4.00 DOLLAR DAILY LIMIT-   
TREND DOWN, MOVE UP+ACCELERATING-NET BUYING-FIRST RALLY IN NEW TREND
PROJECTED DOWN 7545-7425, UP 7682-8025  NET COMMITMENTS: MORE VOLATILE
INVESTMENT-FLAT, VOLUME-FLAT, FLAT FORWARD 
HEATING OIL (ULSD)HOM 25 CENT DAILY LIMIT
TREND DOWN, MOVE VIRTUALLY FLAT-DECELERATED=BUYING TOWARD PREVIOUS HIGH
PROJECTED DOWN 126-116, UP  139-146  NET COMMITMENTS: MORE VOLATILE                 
INVESTMENT-UP, VOLUME-HIGHER  PREMIUM FORWARD
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