Wednesday, October 26, 2016

FARM COMMODITY SETTLEMENTS OCTOBER 26/2016

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

CORN/CZ16: 25 CENT DAILY LIMIT   CONSOLIDATION INSIDE 346-356            
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/18
TRADING: UP/EXPANDEDED-NET BUYING..BELOW TREND-MET 356/RESISTANCE
POSITIONS: MOMENTUM ACCELERATING-FREE WORLD STOCKS FLAT

SOYBEANS/SF17: 65 CENT DAILY LIMIT  BROKE RESISTANCE-INTEREST FLAT-2 DAYS                  
TREND: UP/LESS, TARGETS: 975-1006-1030-1078. PREMIUM MARKET 2016/17
TRADING: FLAT/EXPANDED-BUYING..DOWNSIDE TREND CLOSE OVER 1006/RESISTANCE
POSITIONS: MOMENTUM ACCELERATING-FREE WORLD STOCKS UP

WHEAT/WZ16: 35 CENT DAILY LIMIT     UP FROM HIGHER LOW               
TREND: UP/LESS, TARGETS: 387-411-429-443  PREMIUM MARKET 2016/18
TRADING: UP/EXPANDED-BUYING..TESTED/CLOSED OVER TREND + 411/RESISTANCE
POSITIONS: MOMENTUM DECELERATING-FREE WORLD STOCKS-FLAT/DOWN

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. 7503 AS RESISTANCE HOLDING
TREND: DOWN/NEW-TARGETS: 7628-7558-7503-7419   PREMIUM MARKET 2016/21
TRADING: FLAT/EXPZNDED-NET SELLING..DOWNSIDE TREND-BELOW 7503/RESISTANCE
POSITIONS: MOMENTUM CONTINUED FLAT-

HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT  CONSOLIDATION INSIDE 156-159 
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/18
TRADING: DOWN/CONTRACTED-OFFSET SELLING-BELOW TREND-TESTING 156/SUPPORT
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