Saturday, July 16, 2016

Commodity Settlements/CME, JULY 15/2016 FRIDAY

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    SECOND PROTRUDING LOWER HIGH-CONFIRMS DIRECTION
TREND-LINE DOWN/LESS SO, TARGETS 449-382-370-356-333-294. COMMITMENTS-LOSING MOMENTUM
TRADING: DOWN-NET SELLING-MAINTAINING MOMENTUM-VOLUME DOWN-LOWER HIGH-LOWER CLOSE
BELOW REVISED TREND-LINE-TESTED/CLOSED ABOVE SUPPORT@356-FREE WORLD/STOCKS UP

SOYBEANS/NOV16 65 CENT DAILY LIMIT  SECOND PROTRUDING LOWER HIGH-CONFIRMS DIRECTION
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-CONFIRMS DIRECTION
TREND-LINE DOWN/LESS SO, TARGETS: 534-483-463-445-415-391  COMMITMENTS-GAINING MOMENTUM
TRADING: DOWN-NET SELLING-MAINTAINED MOMENTUM-FLAT VOLUME-LOWER HIGH/CLOSE
BELOW REVISED TREND-LINE-MET SUPPORT@PEVIOUS LOWS--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: FLAT-NET SELLING-HOLDING MOMENTUM-LOWER VOLUME-LOWER LOW-LOWER CLOSE
UPWARD TREND-LINE AS SUPPORT BEING TESTED-RELATIVE STRENGTH LIES IN 4 LOWER HIGHS 
       
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT  A SECOND LOWER HIGH CONFIRMS DIRECTION
TREND-LINE DOWN/LESS SO, TARGETS: 158-142-136-130-121-113, COMMITMENTS-GAINED MOMENTUM
TRADING: FLAT-MATCHED SELLING-LOSING MOMENTUM-LOWER VOLUME-FLAT LOW-LOWER CLOSE
BELOW TREND-LINE-BELOW 142-ABOVE NEW LOW JUST ABOVE 137        
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