Wednesday, September 28, 2016



FARM COMMODITY SETTLEMENTS SEPTEMBER 28/2016  


MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING 
TREND: MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TRADING: SHORT TERM-RELATIVE STRENGTH OF MOMENTUM-DIRECTION 
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE 

CORN/CZ16: 25 CENT DAILY LIMIT            MET RESISTANCE AT 333        
TREND: UP/LESS, TARGETS 346-333-326-316-294, PREMIUM MARKET 2016/19
TRADING: FLAT-SELLING-DECELERATION--BELOW TREND-HIGHER LOW  
POSITIONS: INDICATE MOMENTUM DECELERATING-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT CLOSED LOWER ABOVE 943
TREND: DOWN, TARGETS: 1004-987-968-943. PREMIUM MARKET 2016/17
TRADING: UP-NET SELLING-DECELERATION--TESTED RESISTANCE AT TREND
POSITIONS: INDICATE MOMENTUM ACCELERATING-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT        TESTED RESISTANCE AT 402
TREND: DOWN/LESS, TARGETS: 417-402-393-383  PREMIUM MARKET 2016/18
TRADING: UP-OFFSET SELLING-DECELERATION--HIGHER LOW ABOVE TREND
POSITIONS: INDICATE MOMENTUM FLAT-FREE WORLD STOCKS-DOWN

 
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.   RESISTANCE @ TREND+7628
TREND: DOWN-TARGETS: 7669-7628-7558-7503 PREMIUM MARKET 2016/21
TRADING: UP NETET BUYING-ACCELERATION--TESTED TREND CLOSED ABOVE 7628 
POSITIONS: INDICATE MOMENTUM DECELERATING-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT RESISTANCE AT TREND + 144
TREND: UP/LESS, TARGETS: 125-136-144-151,  PREMIUM MARKET 2016/20
TRADING: FLAT-NET BUYING-DECELERATION--CLOSED ABOVE TREND + 144
POSITIONS: INDICATE MOMENTUM FLAT

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