Thursday, June 16, 2016

Commodity Settlements/CME, JUNE 16/2016 THURSDAY
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        TRADING TO ESTABLISH SUPPORT LEVEL
TREND UP TARGETS: 375-384-403-422-437. POSITIONS-MORE SPECULATIVE
TRADING: DOWN-DECELERATING-TRADE OFF-TESTED TREND SUPPORT-BUYNG@422 
VOLUME/OPEN INTEREST DOWN-LOWER HIGH/CLOSE-FREE WORLD STOCKS DOWN

SOYBEANS/NOVEMBER16 70 CENT DAILY LIMIT  LONG 1ST LEG-POSSIBLE LONG MOVE                 
TREND UP TARGETS: 960-998-1075-1108-1152  POSITIONS--SLIGHTLY MORE SPECULATIVE
TRADING: DOWN-ACCELERATING-NET SELLING-TESTED TREND/1108 AS  SUPPORT
VOLUME/OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE-WORLD STOCKS DOWN

WHEAT/JULY16: 40 CENT DAILY LIMIT                     LONG 1ST LEG-POSSIBLE LONG MOVE
TREND UP/LESS, TARGETS: 465-488-503-515. POSITIONS-LESS SPECULATIVE
TRADING: DOWN-DECELERATION-SELLING-BELOW REVISED TREND TO ABOVE SUPPORT@465
VOLUME/OPEN INTEREST-DOWN-LOWER HIGH-LOWER CLOSE-FLAT FREE WORLD STOCKS        
CANADIAN DOLLAR/USD:/SEPT16 4.00 DOLLAR DAILY LIMIT-  
TREND DOWN/MORE, TARGETS: 7867-7810-7745-7582, POSITIONS-LESS SPECULATIVE
TRADING: DOWN-ACCELERATING-NET SELLING-ABOVE REVISED TREND/SUPPORT@OLD LOWS@7600
VOLUME UP/OPEN INTEREST DOWN--LOWER HIGH-LOWER CLOSE
       
HEATING OIL (ULSD)JULY16 25 CENT DAILY LIMIT   TREND MORE GRADUAL
TREND UP/LESS SO, TARGETS: 134-139-145-149-154. POSITIONS-LESS SPECULATIVE 
TRADING: DOWN-ACCELERATED-SELLING-BELOW TREND-CLOSED INSIDE 145/139
VOLUME UP-OPEN INTEREST DOWN-LOWER HIGH-LOWER CLOSE  PREMIUM FORWARD      
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