Thursday, July 14, 2016

Commodity Settlements/CME, JULY 14/2016 THURSDAY

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 POTENTIAL SECOND PROTRUDING LOWER HIGH
TREND-LINE DOWN/LESS, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOSING MOMENTUM
TRADING: UP-NET SELLING-GAINED MOMENTUM-VOLUME FLAT-HIGHER LOW LOWER CLOSE
ABOVE TREND-LINE-RESISTANCE@382-CLOSED BELOW SUPPORT@370-FREE WORLD/STOCKS UP

SOYBEANS/NOV16 65 CENT DAILY LIMIT  A POTENTIAL SECOND PROTRUDING LOWER HIGH                                         
TREND-LINE DOWN/LESS SO-TARGETS: 1108-1077-1050-1030-1018. COMMITMENTS-LOSING MOMENTUM
TRADING: DOWN-MATCHED EVEN-LOST MOMENTUM-LOWER VOLUME-LOWER CLOSE
BELOW REVISED TREND-LINE-TESTED SUPPORT@OLD RALLY LINE ABOVE 1030-WORLD STOCKS-FLAT

WHEAT/SEPT16: 35 CENT DAILY LIMIT         A SECOND PROTRUDING LOWER HIGH        
TREND-LINE DOWN/LESS, TARGETS: 534-483-463-445-415-391  COMMITMENTS-GAINING MOMENTUM         
TRADING: DOWN-NET SELLING-GAINED MOMENTUM-FLAT VOLUME-LOWER HIGH/CLOSE
ABOVE TREND-LINE-MET RESISTANCE@445-CLOSED BELOW--FREE WORLD STOCKS-UP 

CANADIAN DOLLAR/USD: SEPT16 4.00 DAILY LIIMIT.  COMMITMENTS-GAINING MOMENTUM   
TREND-LINES ONE DOWN/ONE UP=CONVERGENCE, TARGETS: 8018-7761-7658-7568-7418-7298,          
TRADING: UP-BUYING-GAINING MOMENTUM-LOWER VOLUME-HIGHER LOW-HIGHER CLOSE
PENETRATED RESISTANCE@TREND-LINE+7761-CLOSED ABOVE BOTH 
       
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT  A SECOND LOWER HIGH            
TREND-LINE DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT                        
TRADING: FLAT-NET BUYING-LOST MOMENTUM-LOWER VOLUME-LOWER HIGH-HIGHER CLOSE
BELOW TREND-LINE-BELOW 142-ABOVE NEW LOW         
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