Saturday, August 13, 2016



FARM COMMODITY SETTLEMENTS AUGUST 12/2016 FRIDAY 

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           CLOSED ABOVE TREND AT 333        
TREND: FLAT, TARGETS 370-356-333-294. COMMITMENTS-LOST MOMENTUM 
TRADING RANGE: DOWN-EXPANDED+OFSET BUYING-DOWNSIDE TREND-DOWNSIDE 333 
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS UP+VOLUME-HIGH

SOYBEANS/SX16 65 CENT DAILY LIMIT      FOURTH LOWER HIGH
TREND: DOWN, TARGETS: 1077-1050-1004-968-943. COMMITMENTS-GAINED MOMENTUM 
TRADING RANGE: FLAT-EXPANDED-NET BUYING+ONLINE TREND-UPSIDE 968
FUTURES FORWARD AT DISCOUNT-FREE WORLD STOCKS FLAT+VOLUME-MODERATE
 WHEAT/SU16: 35 CENT DAILY LIMIT     POTENTIAL BOTTOM AT 391
TREND: DOWN LESS SO, TARGETS: 463-445-415-391 COMMITMENTS-LOST MOMENTUM
TRADING RANGE: DOWN-EXPANDED-NET BUYING+ONLINE TREND-ONSIDE 415
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP+VOLUME-MODERATE
dollar cad/usd: CDU16 4.00 DAILY LIIMIT. COMMITMENTS-LOST MOMENTUM 
TREND: DOWN LESS SO-CONVERGING TREND UP, TARGETS: 7805-7761-7658-7568, 
TRADING RANGE: UP-CONTRACTED-NET BUYING-ONLINE TREND-BELOW 7761 
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-LOST MOMENTUM 
TRADING RANGE: UP-CONTRACTED-NET BUYING-ONLINE TREND+UPSIDE 136
FUTURES FORWARD AT PREMIUM+VOLUME-MODERATE+POTENTIAL REVERSAL OF TREND
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