Monday, June 13, 2016

Commodity Settlements/CME, JUNE 13/2016 MONDAY
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/JULY16: 30 CENT DAILY LIMIT       TESTING RESISTANCE AT PREVIOUS HIGHS   
TREND UPWARD/LESS SO, TARGETS: 401-419-433-454. POSITIONS-MORE SPECULATIVE
TRADING: HIGHER-THROUGH/CLOSED ABOVE TREND+433-DECELERATED-NET BUYING
LOWER OPEN INTEREST-HIGHER LOW-HIGHER CLOSE+LOWER FREE W/STOCKS
SOYBEANS/JULY16 70 CENT DAILY LIMIT             RESISTANCE @1152 VALID                 
TREND UPWARD TARGETS: 960-998-1075-1152  POSITIONS--SLIGHTLY MORE SPECULATIVE
TRADING: LOWER-CLOSED ABOVE TREND+1152-DECELERATED ON NET SELLING
LOWER OPEN INTEREST+LOWER HIGH-LOWER CLOSE-LOWER WORLD STOCKS
WHEAT/JULY16: 40 CENT DAILY LIMIT                 CORRECTION            
TREND UPWARD/LESS SO, TARGETS: 488-503-515-533. POSITIONS-LESS SPECULATIVE  
TRADING: GAPPED LOWER TO SUPPORT@TREND+488-ACCELERATION+NET SELLING 
LOWER OPEN INTEREST-LOWER HIGH-LOWER-CLOSE-FLAT FREE WORLD STOCKS        
CANADIAN DOLLAR/USD:/JUNE16 4.00 DOLLAR DAILY LIMIT- LOWER TOP LONG TERM 
TREND DOWNWARD, TARGETS: 7867-7810-7745-7582, POSITIONS-LESS SPECULATIVE
TRADING: LOWER-BELOW TREND TO SUPPORT AT 7810-DECELERATED-NET SELLING 
LOWER OPEN INTEREST LOWER HIGH LOWER CLOSE       
HEATING OIL (ULSD)JULY16 25 CENT DAILY LIMIT   CONSECUTIVE CLOSE LOWER
TREND UPWARD/LESS SO, TARGETS: 134-139-145-149-154. POSITIONS-LESS SPECULATIVE 
TRADING: LOWER-BELOW TREND TO SUPPORT AT 149-DECELERATED-MATCHED BUYING
LOWER OPEN INTEREST-LOWER HIGH-MATCHED CLOSE  PREMIUM FORWARD      

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