Sunday, July 10, 2016

Commodity Settlements/CME, JULY 8/2016 FRIDAY

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

CORN/DEC16: 25 CENT DAILY LIMIT      APPEARS TO BE ISLAND REVERSAL IN FORMATION
TREND DOWN/LESS, TARGETS 449-382-356-333-294-263. COMMITMENTS-LOSING MOMENTUM
TRADING: UP-BUYING MOMENTUM FLAT-FROM TREND-TESTED/CLOSED ABOVE RESISTANCE@356
VOLUME DOWN/OPEN INTEREST UP-HIGHER LOW-FLAT CLOSE-FREE W/STOCKS DOWN

SOYBEANS/NOV16 65 CENT DAILY LIMIT                                           
TREND DOWN/LESS, TARGETS: 1077-1050-1018-1004-968. COMMITMENTS-LOST MOMENTUM       
TRADING: FLAT-BUYING-LOST MOMENTUM-OFF TREND-TESTED/CLOSED ABOVE RESIISTANCE@1050  
VOLUME DOWN/OPEN INTEREST FLAT-LOWER HIGH-HIGHER CLOSE-WORLD STOCKS DOWN

WHEAT/SEPT16: 35 CENT DAILY LIMIT                 
TREND DOWN, TARGETS: 534-483-463-445-415-391      COMMITMENTS-GAINING MOMENTUM         
TRADING: FLAT-NET BUYING-GAINED MOMENTUM-SUPPORT@TREND-RESISTANCE BELOW 445
VOLUME FLAT/OPEN INTEREST DOWN-HIGHER CLOSE-FREE WORLD STOCKS-FLAT 

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: DOWN-NET SELLING-LOST MOMENTUM-BELOW TREND UP-TESTED SUPPORT@7658
VOLUME/OPEN INTEREST-FLAT LOWER HIGH-LOWER CLOSE 
       
HEATING OIL (ULSD)AUG16 25 CENT DAILY LIMIT              
TREND DOWN/LESS-REVISED, TARGETS: 158-142-136-130-121-113, COMMITMENTS-FLAT                        
TRADING: DOWN-MATCHED SELLING LOST MOMENTUM-BELOW TREND-SUPPORT@142
VOLUME//OPEN INTEREST DOWN-LOWER HIGH-FLAT CLOSE=REVERSAL NOT CONFIRMED         
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