Saturday, August 20, 2016


FARM COMMODITY SETTLEMENTS AUGUST 19/2016 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           RESISTANCE/CLOSED BELOW 346      
TREND: FLAT, TARGETS 356-346-340-333. COMMITMENTS-LOSING MOMENTUM 
TRADING RANGE: UP-EXPANDED-NET BUYING-HIGHER LOW-HIGHER CLOSE 
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS UP+VOLUME MODERATE

SOYBEANS/SX16 65 CENT DAILY LIMIT      RESISTANCE/CLOSED BELOW 1018
TREND: DOWN LESS, TARGETS: 1030-1018-1004-968. COMMITMENTS-LOST MOMENTUM 
TRADING RANGE: FLAT-EXPANDING-NET SELLING-LOWER HIGH-LOWER CLOSE
FUTURES FORWARD AT DISCOUNT-FREE WORLD STOCKS UP+VOLUME-LOW MODERATE
WHEAT/WZ16(NEW): 35 CENT DAILY LIMIT      RESISTANCE/CLOSED BELOW 448
TREND: DOWN LESS SO, TARGETS: 455-448-439-417 COMMITMENTS-LOSING MOMENTUM
TRADING RANGE: UP-CONTRACTING-OFFSET BUYING-HIGHER LOW HIGHER CLOSE
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP+VOLUME-LOW MODERATE
dollar cad/usd: CDU16 4.00 DAILY LIIMIT.  RESISTANCE/CLOSED BELOW 7805
TREND: UP, TARGETS: 7805-7891-8064-8237, COMMITMENTS LOSING MOMENTUM 
TRADING RANGE: DOWN-EXPANDNG-NET SELLING-LOWER HGH OWER CLOSE 
1ST DAY NEXT MOVE-VOLUME-LOW 

HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT  BELOW TREND ONSIDE 151 
TREND: UP/LESSS, TARGETS: 144-151-164-177, COMMITMENTS-L=GAINING MOMENTUM 
TRADING RANGE: UP/LESS CONTRACTED-NET SELLING-HIGHER LOW LOWER CLOSE
FUTURES FORWARD AT PREMIUM+VOLUME-MODERATE
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