Monday, October 10, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 10/2016  

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         SUPPORT@PREVIOUS LOWS        
TREND: UP/LESS, TARGETS 356-346-333-326-316, PREMIUM MARKET 2016/19
TRADING: FLAT NET BUYING-CONTINUATION--RESISTANCE/CLOSED UP BELOW 346  
POSITIONS: INDICATE MOMENTUM DECELERATION-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT     SUPPORT@TREND
TREND: DOWN, TARGETS: 987-968-954-943. PREMIUM MARKET 2016/17
TRADING: DOWN-OFFSET SELLING-DECELERATION--CLOSED DOWN@954
POSITIONS: INDICATE MOMENTUM FLAT-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT  CONSOLIDATION INSIDE 393-407
TREND: FLAT, TARGETS: 417-407-402-393  PREMIUM MARKET 2016/18
TRADING: UP-NET BUYING-ACCELERATION-TESTED/CLOSED UP ABOVE TREND/402
POSITIONS: INDICATE MOMENTUM ACCELERATION-FREE WORLD STOCKS-DOWN

 
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  RESISTANCE BELOW 7698
TREND: DOWN-TARGETS: 7669-7628-7558-7503 PREMIUM MARKET 2016/21
TRADING: UP-NET BUYING-ACCELERATION--TESTED/CLOSED ABOVE TREND/7558
POSITIONS: INDICATE MOMENTUM FLAT-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT   RESISTANCE @ 159 DAY 4
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/20
TRADING: UP-NET BUYING-ACCELERATION--TESTED/CLOSED ABOVE TREND/159
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