Friday, October 14, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 14/2016  

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

CORN/CZ16: 25 CENT DAILY LIMIT    UP/THROUGH RESISTANCE AT HIGHS          
TREND: UP/MORE, TARGETS 356-346-333-326-316, PREMIUM MARKET 2016/18
TRADING RANGE: UP/CONTRACTED-NET BUYING-UPSIDE TREND-CLOSE UP BELOW 346  
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS FLAT

SOYBEANS/SX16
: 65 CENT DAILY LIMIT  STOPPED AT RESISTANCE LEVEL OF 3 HIGHS
TREND: DOWN, TARGETS: 987-968-954-943. PREMIUM MARKET 2016/17
TRADING RANGE: UP/REPEATED-NET BUYING-HIGHER LOW-CLOSE UP ABOVE TREND/954
POSITIONS: MOMENTUM ACCELERATED-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT  UP/THROUGH RESISTANCE AT 417
TREND: FLAT, TARGETS: 417-407-402-393  PREMIUM MARKET 2016/18
TRADING RANGE: UP/EXPANDED-BUYING-NET FROM HIGHER LOW-CLOSE UP ABOVE 417
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS-FLAT/DOWN


DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  UP/TESTED RESISTANCE AT 7688
TREND: UP/NEW-TARGETS: 7510-7613-7690-7750  PREMIUM MARKET 2016/21
TRADING RANGE: UP-REPEATED-NET BUYING..HIGHER LOW-CLOSE UP AT 7628
POSITIONS: MOMENTUM CONTINUED FLAT-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT   ROUNDED TOP AT 159-NOW A DRIFT
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/18
TRADING RANGE: FLAT/EXPANDED-NET SELLING-DOWNSIDE TREND-CLOSE DOWN AT 156
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