Thursday, September 01, 2016


FARM COMMODITY SETTLEMENTS SEPTEMBER 1/2016 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    TESTING BOTTOM+OPEN INTEREST UP       
TREND: FLAT, TARGETS 356-333-316-294. COMMITMENTS-OFFSET MOMENTUM  
UP-EXPANSION-BUYING FROM 316 MET RESISTANCE @ TREND
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS UP+VOLUME-MODERATE
SOYBEANS/SX16 65 CENT DAILY LIMIT    TEST OF LOWS AT 943
TREND: DOWN, TARGETS: 1018-1004-968-943. COMMITMENTS-GAINING MOMENTUM
TRADING RANGE: DOWN-CONTRACTION-OFFSET SELLING-BELOW TREND-SUPPORT @  943
FUTURES FORWARD AT DISCOUNT-FREE WORLD STOCKS UP+VOLUME-LOW

W
HEAT/WZ16(NEW): 35 CENT DAILY LIMIT   POTENTIAL BOTTOM FOR SIXTH LOWER HIGH  
TREND: DOWN/MORE, TARGETS: 417-402-393-383 COMMITMENTS-OFFSET MOMENTUM
TRADING RANGE:UP-CONTRACTION-NET BUYING-ABOVE TREND-TESTING 393 RESISTANCE
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP+VOLUME-MODERATE
dollar cad/usd: CDU16 4.00 DAILY LIIMIT.  OPEN INTEREST TRENDLINE DOWN
TREND: UP/LESS, TARGETS: 7546-7694-7805-7891 COMMITMENTS GAINING MOMENTUM 
TRADING RANGE: FLAT-CONTRACTION-OFFSET BUYING-TESTING TREND SUPPORT 
VOLUME-MODERATE

HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT     COMPLETED ROUNDED TOP 
TREND: UP/LESS, TARGETS: 125-136-144-151, COMMITMENTS GAINING MOMENTUM 
TRADING RANGE: DOWN-EXPANSION-SELLING-ABOVE TREND-ABOVE 136 SUPPORT
FUTURES FORWARD AT PREMIUM+VOLUME-MODERATE
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