Wednesday, June 15, 2016

Commodity Settlements/CME, JUNE 15/2016 WEDNESDAY
MARKETS: PRICE SUPPLY/DEMAND BUYING/SELLING PREVAILING DURING TRADING
TREND: LINE THROUGH HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY: DIRECTION, MOMENTUM, ACTIVITY, PREVAILING STRENGTH 
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN/JULY16: 30 CENT DAILY LIMIT     RESISTANCE HOLDING   
TREND UPWARD, TARGETS: 401-419-433-454. POSITIONS-MORE SPECULATIVE
TRADING: FLAT-DECELERATING-SELLING\-RESISTANCE@TREND+HIGHS-SUPPORT@433 
LOWER VOLUME/OPEN INTEREST-FLAT HIGH-LOWER CLOSE LOWER FREE W/STOCKS
SOYBEANS/NOVEMBER16 70 CENT DAILY LIMIT             BACK ON TREND                 
TREND UPWARD TARGETS: 960-998-1075-1152  POSITIONS--SLIGHTLY MORE SPECULATIVE
TRADING: FLAT-DECELERATING-NET SELLING-SUPPORT@TREND+1152-CLOSED BELOW
LOWER VOLUME-HIGHER OPEN INTEREST+FLAT LOW-LOWER CLOSE+-LOWER W/STOCKS
WHEAT/JULY16: 40 CENT DAILY LIMIT                         TREND MORE GRADUAL      
TREND UPWARD/LESS SO, TARGETS: 465-488-503-515. POSITIONS-LESS SPECULATIVE  
TRADING: LOWER-ACCELERATION-NET SELLING-BREAKOUT DOWNSIDE OF TREND+488  
LOWER VOLUME/OPEN INTEREST-LOWER HIGH-LOWER-CLOSE-FLAT FREE W/STOCKS        
CANADIAN DOLLAR/USD:/SEPT16 4.00 DOLLAR DAILY LIMIT                        
TREND DOWNWARD, TARGETS: 7867-7810-7745-7582, POSITIONS-LESS SPECULATIVE
TRADING: LOWER-ACCELERATED-NET SELLING-BELOW TREND-TESTED SUPPORT@7748 
LOWER VOLUME-HIGHER OPEN INTEREST-LOWER HIGH-LOWER CLOSE       

HEATING OIL/ULSD JULY16 TREND M0RE GRADUAL
TREND UPWARD/LESS SO, TARGETS: 134-139-145-149-154. POSITIONS-LESS SPECULATIVE 
TRADING: FLAT-DECELERATED-MATCHED SELLING-BELOW TREND-TESTED SUPPORT@145
HIGHER VOLUME-LOWER OPEN INTEREST-FLAT HIGH-MATCHED CLOSE  PREMIUM FORWARD      

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