Wednesday, July 13, 2016


Commodity Settlements/CME, JULY 13/2016 WEDNESDAY

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      A REVERSAL WITH TODAY"S HIGHER CLOSE
TREND DOWN/LESS, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOSING MOMENTUM
TRADING: UP-NET BUYING-MODERATE-ABOVE TREND-RESISTANCE@OLD RALLY@370
VOLUME UP/OPEN INTEREST UP-HIGHER LOW-HIGHER CLOSE-FREE WORLD/STOCKS UP

SOYBEANS/NOV16 65 CENT DAILY LIMIT                                           
TREND DOWN/LESS, TARGETS: 1186-1108-1077-1050-1018. COMMITMENTS-LOST MOMENTUM       
TRADING: UP-NET BUYING-MODERATE-BELOW TREND-TESTED RESISTANCE/CLOSED@1108  
VOLUME DOWN/OPEN INTEREST UP-HIGHER 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: UP-SELLING BOTH SIDES-MODERATE-ABOVE TREND-RESISTANCE/CLOSED BELOW 445
VOLUME FLAT/OPEN INTEREST FLAT-HIGHER LOW-FLAT 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-MODERATE-TESTED/CLOSED ON UP TREND-BELOW 7761
VOLUME UP/OPEN INTEREST FLAT-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: DOWN-SELLING-MODERATE-BELOW TREND-MET SUPPORT@136
VOLUME UP/OPEN INTEREST FLAT-LOWER HIGH-LOWER CLOSE         
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