Monday, September 19, 2016


FARM COMMODITY SETTLEMENTS SEPTEMBER 19/2016 MONDAY 

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   316/294 = ULTIMATE LOWS 2007/16       
TREND: UP, TARGETS 346-333-326-316-294, FUTURES FORWARD AT PREMIUM 2016/19
TRADING: UP-OFFSET BUYING DECELERATION-UPSIDE MAJOR TREND-WORK NEW DIRECTION 
NET COMMITMENTS INDICATE DECREASED MOMENTUM-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT  853/784 = ULTIMATE LOWS 2007/16
TREND: DOWN, TARGETS: 1004-987-968-943. FUTURES FORWARD ARE AT PREMIUM 2016/17
TRADING: UP-NET BUYING-DECELERATION-FIRST MOVE UP FROM MINOR HIGHER LOW
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS UP

W
HEAT/WZ16(NEW): 35 CENT DAILY LIMIT   439/387 = ULTIMATE LOWS 2007/16
TREND: DOWN/LESS, TARGETS: 417-402-393-383  FUTURES FORWARD AT PREMIUM 2016/18
TRADING: UP-EVEN OFFSET-DECELERATION-TEST OF MAJOR TREND WORKING NEW DIRECTION
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS-DOWN
dollar cad/usd: CDU16 4.00 DAILY LIIMIT. 7699/6842 = ULTIMATE LOWS 2007/16
TREND: FLAT, TARGETS: 7546-7694-7805-7891 FUTURES FORWARD PREMIUM 2016/21
TRADING: UP-NET BUYING-ACCELERATION-UPSIDE TREND-LINE TESTED 7694 RESISTANCE
NET COMMITMENTS INDICATE LESS MOMENTUM  FORWARD PREMIUMS-NOMINAL

HEATING OIL (ULSD)HOU
16 25 CENT DAILY LIMIT 1.2870/1.OO81=ULTIMATE LOWS 2007/16   
TREND: UP/LESS, TARGETS: 125-136-144-151,  FUTURES FORWARD AT PREMIUM 2016/20
TRADING: DOWN-NET BUYING-ACCELERATION-ABOVE MAJOR TREND-LINE AND 136
NET COMMITMENTS INDICATE LESS MOMENTUM

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