Wednesday, June 08, 2016

Commodity Settlements/CME, JUNE 8/2016 WEDNESDAY
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                                           
TREND UPWARD, TARGETS: 401-419-433-454. NET COMMITMENTS-MORE SPECULATIVE
TRADING: HIGHER ACCELERATED+NET BUYING-ON TREND-RESISTANCE@433
OPEN INTEREST LOWER-SHORT COVERING+MORE SELLING-WORLD FREE STOCKS-LOWER
SOYBEANS/JULY16 70 CENT DAILY LIMIT
TREND UPWARD TARGETS: 960-998-1075-1152  NET COMMITMENTS-MORE SPECULATIVE
TRADING:HIGHER-ACCELERATING-NET BUYING-ABOVE TREND-RESISTANCE@1152 VALID 
OPEN INTEREST LOWER-SHORT COVERING+LITTLE SELLING, WORLD STOCKS-LOWER 
WHEAT/JULY16: 40 CENT DAILY LIMIT                                        
TREND UPWARD/HIGHER, TARGETS: 488-503-533-562.  NET COMMITMENTS: FLAT, NEUTRAL  
TRADING: HIGHER+ACCELERATED+MATCHED SELLING-ON TREND-RESISTANCE@TREND+533 
SELLING OFFSET SHORT COVERING-FREE WORLD STOCKS-LOWER, PREMIUM FORWARD        
CANADIAN DOLLAR/USD:/JUNE16 4.00 DOLLAR DAILY LIMIT-   
TREND UPWARD, TARGETS: 7867-7908-7962-8152, NET COMMITMENTS-MORE SPECULATIVE
TRADING: UP-DECELERATED-NET BUYING-ON TREND-RESISTANCE@7908
OPEN INTEREST LOWER-SHORT COVERING+SELLING           HIGHER LOW
HEATING OIL (ULSD)JULY16 25 CENT DAILY LIMIT
TREND UPWARD, TARGETS: 134-139-145-149-165. NET COMMITMENTS-VIRTUALLY FLAT 
TRADING: HIGHER ACCELERATED+BUYING-REURNING TO TREND ABOVE RESISTANCE@HIGHS
OPEN INTEREST-LOWER, VOLUME LOWER  PREMIUM FORWARD        HIGHER LOWS–
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