Wednesday, September 21, 2016


FARM COMMODITY SETTLEMENTS SEPTEMBER 21/2016 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   LOW SALES + FLAT OPEN INTEREST = FLAT MOMENTUM        
TREND: UP, TARGETS 346-333-326-316-294, FUTURES FORWARD AT PREMIUM 2016/19
TRADING: FLAT-NET BUYING DECELERATION--AT DOUBLE STRENGTH RESISTANCE 
NET COMMITMENTS INDICATE DECREASED MOMENTUM-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT  LOW SALES + MORE OPEN INTEREST = REVERSAL
TREND: DOWN, TARGETS: 1004-987-968-943. FUTURES FORWARD ARE AT PREMIUM 2016/17
TRADING: FLAT-NET SELLING-DECELERATION--RESISTANCE @  PREVIOUS HIGH ABOVE TREND
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS UP

W
HEAT/WZ16: 35 CENT DAILY LIMIT   LOW SALES + FLAT OPEN INTEREST = FLAT MOMENTUM
TREND: DOWN/LESS, TARGETS: 417-402-393-383  FUTURES FORWARD AT PREMIUM 2016/18
TRADING: FLAT-NET BUYING-DECELERATION--ABOVE MAJOR TREND + 2ND CLOSE ABOVE 402
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS-DOWN
dollar cad/usd: CDZ/16 4.00 DAILY LIIMIT. HI  SALES+LESS O/I=WEAK MOMENTUM                                                                                                                                   TREND: FLAT, TARGETS: 7546-7694-7805-7891 FUTURES FORWARD PREMIUM 2016/21
TRADING: UP NET BUYING-ACCELERATION--HIGHER LOW ABOVE TRRND BELOW 7694 
NET COMMITMENTS INDICATE LESS MOMENTUM  FORWARD PREMIUMS-NOMINAL

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT  HIGH SALES + MORE O/I = MORE MOMENTUM 
TREND: UP/LESS, TARGETS: 125-136-144-151,  FUTURES FORWARD AT PREMIUM 2016/20
TRADING: UP-NET BUYING-ACCELERATION--ABOVE TREND TESTED 144 RESISTANCE
NET COMMITMENTS INDICATE LESS MOMENTUM

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