Saturday, September 03, 2016



FARM COMMODITY SETTLEMENTS SEPTEMBER 2/2016 FRIDAY 

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    UP FROM BOTTOM AT 316 ON LOW VOLUME      
TREND: DOWN/LESS, TARGETS 356-333-316-294. FUTURES FORWARD AT PREMIUM  
TRADING RANGE: UP-CONTRACTION-BUYING-CLOSED ABOVE TREND AS RESISTANCE
NET COMMITMENTS INDICATE MORE MOMENTUM-FREE WORLD STOCKS UP+
SOYBEANS/SX16 65 CENT DAILY LIMIT  UP FROM BOTTOM AT 943 ON LOW VOLUME
TREND: DOWN, TARGETS: 1018-1004-968-943. FUTURES FORWARD ARE FLAT
TRADING RANGE: DOWN-CONTRACTION-NET BUYING-DOWNSIDE/CLOSED AT TREND
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS UP

W
HEAT/WZ16(NEW): 35 CENT DAILY LIMIT   UP FROM 393 LOW ON LOW VOLUME
TREND: DOWN/LESS, TARGETS: 417-402-393-383  FUTURES FORWARD AT PREMIUM
TRADING RANGE:UP-CONTRACTION-NET BUYING-TESTED CLOSED BELOW 402
NET COMMITMENTS INDICATE MORE MOMENTUM-FREE WORLD STOCKS-UP
dollar cad/usd: CDU16 4.00 DAILY LIIMIT.  UP FROM BOTTOM ON LOW VOLUME
TREND: UP/LESS, TARGETS: 7546-7694-7805-7891  
TRADING RANGE: UP EXPANSION-BUYING-TESTED/CLOSED ABOVE TREND AS RESISTANCE  
NET COMMITMENTS INDICATE LESS MOMENTUM

HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT  APPEARS FORMING A BOTTOM AT 136   
TREND: UP/LESS, TARGETS: 125-136-144-151,  FUTURES FORWARD AT PREMIUM
TRADING RANGE: FLAT-CONTRACTION-NET BUYING-ABOVE TREND-OVERBOUGHT
NET COMMITMENTS INDICATE FLAT MOMENTUM+LOW VOLUME
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