Tuesday, May 24, 2016

Commodity Settlements/CME, MAY 24/2016 TUESDAY
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, 
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/ZCN16: 30 CENT DAILY LIMIT                                           
TREND CONSOLIDATION, TARGETS: 384-391-401-419. NET COMMITMENTS-MORE VOLATILE
TRADING: UP, NARROW RANGE+MATCHED SELLING-GOOD RESISTANCE@401+PREVIOUS HIGH
OPEN INTEREST-UP, VOLUME-DOWNDOWN, FREE WORLD STOCKS-DOWN,  PREMIUM FORWARD
SOYBEANS/ZSN16 70 CENT DAILY LIMIT
TREND UP REVISED DOWN TARGETS: 1027-1045-1067-1094   NET COMMITMENTS-VOLATILE
TRADING: DOWN+MODERATE-MATCHED INSIDE 1067-1945+REVISING TREND WITH A NEW LOW  
OPEN INTEREST-DOWN VOLUME-DOWN, WORLD STOCKS-DOWN, DISCOUNT FORWARD 
WHEAT/ZWN16: 40 cent daily limit                                                       
TREND DOWN REVISED UP, TARGETS: 511-465-447-430.  NET COMMITMENTS: LESS VOLATILE  
TRADING: DOWN-NARROW+NET BUYING DOWNSIDE OF 1065+WELL BELOW REVISED TREND
OPEN INTEREST-UP VOLUME-UP,  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: FLAT-NARROW-TRADE OFF-DOWNSIDE OF TREND+SUPPORT MID 7682-7545 
OPEN INTEREST-DOWN VOLUME-DOWN, FLAT FORWARD  
HEATING OIL (ULSD)HON16 25 CENT DAILY LIMIT
TREND UP, TARGETS: 134-139-145-165. NET COMMITMENTS-VOLATILE 
TRADING: UP-NARROW+MATCHED+ON TREND AS SUPPORT-ABOVE 145
OPEN INTEREST-UP, VOLUME-DOWN  PREMIUM FORWARD

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