Tuesday, May 17, 2016

Commodity Settlements/CME, MAY 17/2016 TUESDAY
MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING STRENGTH 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/ZCN16: 30 CENT DAILY LIMIT                                           
TREND FLAT, TARGETS: 402-370-357-346. FLAT LOWS NET COMMITMENTS-LESS MOMENTUM
TRADING: UP-LESS STRENGTH-BUYING+MET RESISTANCE AT LAST HIGH (395)/CLOSED ABOVE 
OPEN INTEREST-DOWN, VOLUME-UP, FREE WORLD STOCKS-DOWN,  PREMIUM FORWARD

SOYBEANS/ZSN16: 70 CENT DAILY LIMIT
TREND HIGHER, TARGETS: 1027-1045-1067-1094   NET COMMITMENTS-MORE MOMENTUM
TRADING: UP-MORE STRENGTH-NET BUYING-THROUGH/CLOSED ABOVE TREND AND 1067   
OPEN INTEREST-UP, VOLUME-UP, WORLD STOCKS-DOWN, FLAT-LOWER FORWARD 

wheat/zwn16: 40 cent daily limit                                                       
TREND LOWER, TARGETS: 511-465-447-430.  NET COMMITMENTS: MORE MOMENTUM  
TRADING: UP-MORE STRENGTH-NET BUYING-REVISING TREND TO LESS BEARISH   
OPEN INTEREST-DOWN, VOLUME-UP, FREE WORLD STOCKS-DOWN, PREMIUM FORWARD        

CANADIAN DOLLAR/USD:/D6M16 4.00 DOLLAR DAILY LIMIT-   
TREND LOWER, TARGETS: 8025-7682-7545-7425.  NET COMMITMENTS-MORE MOMENTUM
TRADING: UP-M0RE STRENGTH-NET SELLING-BROKE RESISTANCE/CLOSED BELOW TREND
OPEN INTEREST-UP, VOLUME-UP, FLAT FORWARD           HIGHER LOW

HEATING OIL (ULSD)HON16 25 CENT DAILY LIMIT
TREND UP, TARGETS: 116-126-139-146. NET COMMITMENTS-FLAT MOMENTUM 
TRADING: UP-LESS STRENGTH+BUYING+TESTED RESISTANCE@TREND+146/CLOSED ABOVE 
OPEN INTEREST-UP,, VOLUME-DOWN  PREMIUM FORWARD
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