Thursday, August 11, 2016



FARM COMMODITY SETTLEMENTS AUGUST 11/2016 THURSDAY 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING 
TREND: MONTHLY- LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD) 
TRADING: SHORT TERM-RELATIVE STRENGTH OF HIGH/LOW PRICE RANGE(S)-DIRECTION 
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE 

CORN/CZ16: 25 CENT DAILY LIMIT           POTENTIAL BOTTOM ONSIDE 333        
TREND: FLAT, TARGETS 370-356-333-294. COMMITMENTS-NEUTRAL MOMENTUM 
TRADING RANGE: FLAT-NARROW+OFSET-ABOVE TREND-ONSIDE 333 
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS UP+VOLUME-MODERATE

SOYBEANS/SX16 65 CENT DAILY LIMIT      POTENTIAL BOTTOM ONSIDE 943
TREND: DOWN, TARGETS: 1077-1050-1004-968-943. COMMITMENTS-LOSING MOMENTUM 
TRADING RANGE: DOWN+CONTRACTING-NET SELLING+ONSIDE TREND-ABOVE 968
FUTURES FORWARD AT DISCOUNT-WORLD STOCKS FLAT+VOLUME-LOW
 WHEAT/SU16: 35 CENT DAILY LIMIT     POTENTIAL BOTTOM AT 391
TREND: DOWN LESS SO, TARGETS: 463-445-415-391 COMMITMENTS-FLAT MOMENTUM
TRADING RANGE: DOWN-CONTRACTED-NET SELLING+UPSIDE TREND-UPSIDE 415
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP+VOLUME-HIGH
dollar cad/usd: CDU16 4.00 DAILY LIIMIT. COMMITMENTS-LOST MOMENTUM 
TREND: DOWN LESS SO-CONVERGING TREND UP, TARGETS: 7658-7568-7418-7298, 
TRADING RANGE: UP CONSTANT-BUYING-DOWNSIDE TREND-UPSIDE 7658  
SUPPORT AT 5 PREVIOUS LOWS+VOLUME-MODERATE-HIGHER LOW HIGHER CLOSE 

HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT  POTENTIAL 6TH/LAST LOWER HIGH 
TREND: DOWN LESS SO, TARGETS: 136-130-121-113, COMMITMENTS-FLAT MOMENTUM 
TRADING RANGE: UP EXPANDING-BUYING-DOWNSIDE TREND+ONSIDE 136
FUTURES FORWARD AT PREMIUM+VOLUME-HIGH+REVERSAL SIGNAL
Post a Comment
Google+