Thursday, June 02, 2016

Commodity Settlements/CME, JUNE 2/2016 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY: DIRECTION, PACE, ACTIVITY, PREVAILING STRENGTH 
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/ZCN16: 30 CENT DAILY LIMIT                                           
TREND UP-LESS SO, TARGETS: 384-391-401-419. NET COMMITMENTS-MORE VOLATILE
TRADING: UP-DECELERATED+NET BUYING-RESISTANCE@TREND/419 HELD-CLOSED BELOW
OPEN INTEREST-FLAT, VOLUME-FLAT, FREE WORLD STOCKS-DOWN,  PREMIUM FORWARD
SOYBEANS/ZSN16 70 CENT DAILY LIMIT
TREND UP TARGETS: 960-998-1075-1152  NET COMMITMENTS-VOLATILE-NO CHANGE
TRADING:UP-ACCELERATED-BUYNG+BEAR SQUEEZE-LONG ACCUMULATION MIXED  
OPEN INTEREST-DOWN VOLUME-UP, WORLD STOCKS-DOWN, DISCOUNT FORWARD 
WHEAT/ZWN16: 40 CENT DAILY LIMIT                                        
TREND DOWN LESS SO, TARGETS: 511-465-447-430.  NET COMMITMENTS: MORE VOLATILE  
TRADING:UP+ACCELERATED+BUYING+CLOSED ABOVE RESISTANCE=POTENTIAL TREND UP 
OPEN INTEREST-DOWN VOLUME-UP,  FREE WORLD STOCKS-DOWN, PREMIUM FORWARD        
CANADIAN DOLLAR/USD:/D6M16 4.00 DOLLAR DAILY LIMIT-   
TREND DOWN LESS SO, TARGETS: 8025-7682-7545-7425. NET COMMITMENTS-LESS VOLATILE
TRADING: DOWN-DECELERATING-NET SELLING-FOLLOWING BELOW/NEAR TREND AS RESISTANCE
OPEN INTEREST-DOWN, VOLUME-DOWN,          
HEATING OIL (ULSD)HON16 25 CENT DAILY LIMIT
TREND UP, TARGETS: 134-139-145-165. NET COMMITMENTS-MORE VOLATILE 
TRADING: UP-ACCELERATING+MATCHED-BELOW TREND RESISTANCE-ABOVE 145
OPEN INTEREST-FLAT, VOLUME DOWN  PREMIUM FORWARD          CLOSE UNCHANGED
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