Friday, September 23, 2016

FRIDAY, SEPTEMBER 23, 2016



FARM COMMODITY SETTLEMENTS SEPTEMBER 23/2016 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 MOMENTUM-DIRECTION 
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE 

CORN/CZ16: 25 CENT DAILY LIMIT   NO NEW HIGH        
TREND: UP/LESS, TARGETS 346-333-326-316-294, FUTURES FORWARD AT PREMIUM 2016/19
TRADING: DOWN-OFFSET SELLING DECELERATION--FROM RESISTANCE @ 346 HIGH 
NET COMMITMENTS INDICATE MOMENTUM DECELERATING-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT  NO NEW HIGH-CONSOLIDATING
TREND: DOWN, TARGETS: 1004-987-968-943. FUTURES FORWARD ARE AT PREMIUM 2016/17
TRADING: DOWN-SELLING-ACCELERATION--TESTING SUPPORT @ TREND-LINE + 968
NET COMMITMENTS INDICATE MOMENTUM ACCELERATING-FREE WORLD STOCKS UP

W
HEAT/WZ16: 35 CENT DAILY LIMIT   NO NEW HIGH
TREND: DOWN/LESS, TARGETS: 417-402-393-383  FUTURES FORWARD AT PREMIUM 2016/18
TRADING: DOWN-OFFSET SELLING-ACCELERATION--ABOVE TEND TESITING SUPPORT @ 402
NET COMMITMENTS INDICATE MOMENTUM FLAT-FREE WORLD STOCKS-DOWN
dollar cad/usd: CDZ/16 4.00 DAILY LIIMIT. HI  SALES+LESS O/I=WEAK MOMENTUM                                                    TREND: DOWN, TARGETS: 7669-7628-7558-7503 FUTURES FORWARD PREMIUM 2016/21
TRADING: DOWN SELLING-ACCELERATION--RESISTANCE @ TREND-LINE + 7669 
NET COMMITMENTS INDICATE MOMENTUM DECELERATING-FORWARD PREMIUMS-NOMINAL

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT  LOWER HIGH
TREND: UP/LESS, TARGETS: 125-136-144-151,  FUTURES FORWARD AT PREMIUM 2016/20
TRADING: DOWN-SELLING-ACCELERATION--TESTING SUPPORT @ 144 ABOVE TREND-LINE
NET COMMITMENTS INDICATE MOMENTUM FLAT
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