Monday, June 20, 2016

Commodity Settlements/CME, JUNE 20/2016 MONDAY
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/SEPT16: 30 CENT DAILY LIMIT    TEST OF TOP OF MOVE
TREND UP, TARGETS: 375-384-403-422-437.    MAINTAINING TREND
TRADING: DOWN-ACCELERATION-SELLING-TEST OF/CLOSED@TREND AS SUPPORT
VOLUME UP/OPEN INTEREST UP-LOWER HIGH-LOWER CLOSE-FREE WORLD STOCKS DOWN

SOYBEANS/NOV16 70 CENT DAILY LIMIT          MAINTAINING TREND         
TREND UP, TARGETS: 960-998-1075-1108-1152  
TRADING: FLAT-LOST MOMENTUM-NET SELLING-TEST OF/CLOSED @ TREND-BELOW 1152
VOLUME DOWN/OPEN INTEREST UP-HIGHER LOW-LOWER CLOSE-WORLD STOCKS DOWN

WHEAT/SEPT16: 40 CENT DAILY LIMIT              MAINTAINING TREND           
TREND UP/LESS, TARGETS: 465-488-503-515.       
TRADING: FLAT-LOST MOMENTUM-SELLING-MET RESISTANCE AT TREND+CLOSED BELOW 488
VOLUME DOWN/OPEN INTEREST-FLAT-HIGHER LOW-LOWER CLOSE-FREE WORLD STOCKS-FLAT 

CANADIAN DOLLAR/USD: SEPT16 4.00 DOLLAR DAILY LIIMIT 
TREND DOWN/LESS, TARGETS: 7867-7810-7745-7582,                  OVERSOLD 
TRADING: UP-LOST MOMENTUM-MATCHED SELLING-BELOW TREND AT 7810 AS RESISTANCE
VOLUME/OPEN INTEREST DOWN-HIGHER LOW-HIGHER CLOSE
       
HEATING OIL (ULSD)JULY16 25 CENT DAILY LIMIT   
TREND UP/LESS, TARGETS: 134-139-145-149-154.                        OVERSOLD
TRADING: UP-LOST MOMENTU8M-BUYING-TEST OF/CLOSED ABOVE RESISTANCE@149
VOLUME DOWN/OPEN INTEREST FLAT-HIGHER LOW-HIGHER CLOSE      

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