Wednesday, September 14, 2016


FARM COMMODITY SETTLEMENTS SEPTEMBER 14/2016 WEDNESDAY 

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 MOMENTUM-DIRECTION 
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE 

CORN/CZ16: 25 CENT DAILY LIMIT   BRAKES ON IN PULLBACK IN MOVE      
TREND: UP, TARGETS 356-346-333-326-316, FUTURES FORWARD AT PREMIUM 2016/19
TRADING: DOWN-OFFSET BUYING-DECELERATION-BELOW TREND-LINE @ 326 SUPPORT  
NET COMMITMENTS INDICATE INCREASED VOLATILITY-FREE WORLD STOCKS DOWN
SOYBEANS/SX16 65 CENT DAILY LIMIT  BRAKES ON AT OLD LOWS
TREND: DOWN, TARGETS: 1004-987-968-943. FUTURES FORWARD ARE AT PREMIUM 2016/17
TRADING: DOWN-OFFSET SELLING-DECELERATION-SUPPORT AT TREND-LINE + AT 943
NET COMMITMENTS INDICATE LESS VOLATILITY-FREE WORLD STOCKS UP

W
HEAT/WZ16(NEW): 35 CENT DAILY LIMIT   PULLBACK PART OF MOVE
TREND: DOWN/LESS, TARGETS: 417-402-393-383  FUTURES FORWARD AT PREMIUM 2016/18
TRADING: NET BUYING-DECELERATION-MET SUPPORT AT TREND-LINE + 393
NET COMMITMENTS INDICATE LESS VOLATILITY-FREE WORLD STOCKS-DOWN
dollar cad/usd: CDU16 4.00 DAILY LIIMIT. TEST OF SUPPORT AT OLD LOWS
TREND: UP/LESS, TARGETS: 7546-7694-7805-7891 FUTURES FORWARD PREMIUM 2016/21
TRADING: DOWN-NET SELLING-DECELERATION-LOWER CLOSE TOWARD 7546 SUPPORT 
NET COMMITMENTS INDICATE LESS VOLATILITY  FORWARD PREMIUMS-NOMINAL

HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT MOVE DOWN FROM LLOWER HIGH    
TREND: UP/LESS, TARGETS: 125-136-144-151,  FUTURES FORWARD AT PREMIUM 2016/20
TRADING: DOWN-SELLING-ACCELERTED-TEST OF SUPPORT AT OLD LOW + TREND-LINE
NET COMMITMENTS INDICATE LESS VOLATILITY

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