Thursday, October 06, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 6/2016  

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    NEW HIGH FLAT WITH PREVIOUS       
TREND: UP/LESS, TARGETS 356-346-333-326-316, PREMIUM MARKET 2016/19
TRADING: DOWN SELLING-ACCELERATION--THROUGH/CLOSED BELOW TREND/346  
POSITIONS: INDICATE MOMENTUM ACCELERATING-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT  MOVE DOWN ALONG MAJOR TREND DAY 3
TREND: DOWN, TARGETS: 987-968-954-943. PREMIUM MARKET 2016/17
TRADING: DOWN-NET BUYING-DECELERATION--DOWNSIDE/CLOSED@TREND ABOVE 954
POSITIONS: INDICATE MOMENTUM DECELERATING-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT      CONSOLIDATING @393 BOTTOM DAY 4
TREND: DOWN/LESS, TARGETS: 417-407-402-393  PREMIUM MARKET 2016/18
TRADING: FLAT-NET SELLING-CONTINUATION-MET RESISTANCE@407/CLSED DOWN
POSITIONS: INDICATE MOMENTUM DECELERATING-FREE WORLD STOCKS-DOWN

 
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. MET SUPPORT @ 7558 DAY 2
TREND: DOWN-TARGETS: 7669-7628-7558-7503 PREMIUM MARKET 2016/21
TRADING: DOWN NET SELLING-CONTINUATION--THROUGH/CLOSED@MAJOR TREND
POSITIONS: INDICATE MOMENTUM DECELERATING-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT   RESISTANCE @ 159 DAY 2
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/20
TRADING: UP-NET BUYING-ACCELERATION--UPSIDE TREND/CLOSED@HIGH/159
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