Tuesday, July 12, 2016

Commodity Settlements/CME, JULY 12/2016 TUESDAY

markets PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY MOVE: LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: DAILY/WEEKLY MOVE: DIRECTION, ACTIVITY. MOMENTUM, PREVAILING STRENGTH 
TARGETS: PROJECTED:MEASURED PRICE OBJECTIVES OF MOVE

CORN/DEC16: 25 CENT DAILY LIMIT        NO REVERSAL-GAP WAS FILLED
TREND DOWN/LESS, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TRADING: FLAT-NET MIXED MOMENTUM FLAT-OFF TREND-CLOSED ABOVE RESISTANCE@356
VOLUME FLAT/OPEN INTEREST UP-LOWER HIGH-HIGHER CLOSE-FREE WORLD/STOCKS UP

SOYBEANS/NOV16 65 CENT DAILY LIMIT                                           
TREND DOWN/LESS, TARGETS: 1077-1050-1018-1004-968. COMMITMENTS-LOST MOMENTUM       
TRADING: UP-BUYING-GAINED MOMENTUM-FROM NEW LOW-ON TREND/LAST RALLY@1077-  
VOLUME UP/OPEN INTEREST DOWN-HIGHER/FLAT LOW-HIGHER CLOSE-WORLD STOCKS FLAT

WHEAT/SEPT16: 35 CENT DAILY LIMIT                 
TREND DOWN, TARGETS: 534-483-463-445-415-391      COMMITMENTS-GAINING MOMENTUM         
TRADING: FLAT/DOWN-MIXED-FLAT MOMENTUM-FLAT OFF TREND -INSIDE 415-445
VOLUME FLAT/OPEN INTEREST FLAT-LOWER HIGH-HIGHER CLOSE-FREE WORLD STOCKS-UP 

CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT.  COMMITMENTS-GAINING MOMENTUM   
TRENDS ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,          
TRADING: UP-NET BUYING-GAINED MOMENTUM-MET RESISTANCE@TREND-TESTED 7658
VOLUME/OPEN INTEREST-FLAT NEW HIGHER LOW-HIGHER CLOSE 
       
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT              
TREND DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT                        
TRADING: UP-BUYING GAINED MOMENTUM-MET RESISTANCE BELOW TREND-INSIDE 142-158
VOLUME UP/OPEN INTEREST DOWN-HIGHER LOW-HIGHER CLOSE         
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