Friday, May 13, 2016

Commodity Settlements/CME, MAY 13/2016 FRIDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING NEED DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD),  LOWER HIGHS (DOWNWARD)
TRADING: DAILY MOVE RE; DIRECTION, MOMENTUM, ACTIVITY, TREND, TARGETS
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE

CORN/CN: 30 CENT DAILY LIMIT                                           
TREND DOWNWARD, TARGETS: 402-370-357-346.  NET COMMITMENTS-LESS MOMENTUM
TRADING: UP-DECELERATING-SHORT COVERING+RESISTANCE AT TREND + LAST HIGH 
OPEN INTEREST-LOWER, VOLUME-LOWER, WORLD STOCKS-LOWER,  PREMIUM FORWARD

SOYBEANS/SN: 70 CENT DAILY LIMIT
TREND UPWARD, TARGETS: 1027-1045-1067-1094   NET COMMITMENTS-MORE MOMENTUM
TRADING: DOWN-DECELERATING-NET LIQUIDATION-@TREND+THROUGH  SUPPORT @ 1067   
OPEN INTEREST-LOWER, VOLUME-FLAT, WORLD STOCKS-LOWER, FLAT-LOWER FORWARD 

wheat/wn: 40 cent daily limit                                                       
TREND DOWNWARD, TARGETS: 511-465-447-430.  NET COMMITMENTS: MORE MOMENTUM  
TRADING: UP-ACCELERATING-MIXED BUYING-FROM TREND AS SUPPORT-ABOVE 465   
OPEN INTEREST-FLAT, VOLUME-HIGHER, WORLD STOCKS-HIGHER, PREMIUM FORWARD        

CANADIAN DOLLAR/USD:/CDM 4.00 DOLLAR DAILY LIMIT-   
TREND DOWNWARD, TARGETS: 8025-7682-7545-7425.  NET COMMITMENTS-MORE MOMENTUM
TRADING: DOWN-ACCELERATED-NET SHORT SELLING-BELOW TREND+ BELOW 7682-
OPEN INTEREST-UP, VOLUME-LOWER, FLAT FORWARD         LOWER HIGH  OVERSOLD

HEATING OIL (ULSD)HOM 25 CENT DAILY LIMIT
TREND UPWARD, TARGETS: 116-126-139-146. NET COMMITMENTS-FLAT MOMENTUM 
TRADING: UP-DECELERATING+NET BUYING+TESTED/CLOSED ABOVE 139 BELOW TREND
OPEN INTEREST-UP,, VOLUME-LOWER  PREMIUM FORWARD
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