Sunday, October 30, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 28/2016 

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   MOVE/DAY 4 OF PROJECTED 6-TOPPY             
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/JUL 19
TRADING: -FLAT@356/RESISTANCE-CONTRACTED-NET SELLING-BELOW TREND
POSITIONS: MOMENTUM FLAT-FREE WORLD STOCKS FLAT

SOYBEANS/SF17: 65 CENT DAILY LIMIT  MOVE/DAY 1 OF PROJECTED 6-DOWN                   
TREND: UP, TARGETS: 975-1006-1030-1078. PREMIUM MARKET 2016/AUG 17
TRADING: DOWN BELOW 1030/RESISTANCE-CONTRACTING-SELLING-DOWNSIDE TREND 
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS UP

WHEAT/WZ16: 35 CENT DAILY LIMIT     MOVE/DAY 3 OF PROJECTED 6-TOPPY                
TREND: UP/LESS, TARGETS: 387-411-429-443  PREMIUM MARKET 2016/DEC 18
TRADING: DOWN THROUGH 411/SUPPORT-EXPANDED-SELLING-THROUGH TREND
POSITIONS: MOMENTUM ACCELERATED-FREE WORLD STOCKS-FLAT/DOWN 

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. MOVE/DAY 3 OF PROJECTED 6
TREND: DOWN/NEW-TARGETS: 7628-7558-7503-7419   PREMIUM MARKET 2016/SEP 21
TRADING: DOWN BELOW 7503/RESISTANCE-EXPANDED-MATCHED-BELOW TREND
POSITIONS: MOMENTUM ACCELERATED-

HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT  MOVE/DAY 1-LOWER HIGH  
TREND: UP/LESS TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/FED 18
TRADING: DOWN TESTING 156/SUPPORT-NO CHANGE-SELLING-ABOVE TREND
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