Sunday, October 09, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 7/2016  

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 MOVE DOWN MET 1ST SUPPORT       
TREND: UP/LESS, TARGETS 356-346-333-326-316, PREMIUM MARKET 2016/19
TRADING: FLAT OFFSET SELLING-DECELERATION--DOWNSIDE TREND/346  
POSITIONS: INDICATE MOMENTUM DECELERATION-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT     NEW MOVE UPSIDE MAJOR TREND
TREND: DOWN, TARGETS: 987-968-954-943. PREMIUM MARKET 2016/17
TRADING: UP-OFFSET SELLING-ACCELERATION--MET SUPPORT@TREND/956
POSITIONS: INDICATE MOMENTUM FLAT-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT  HIGHER LOWS DAY 2 FROM 393 BOTTOM
TREND: DOWN/LESS, TARGETS: 417-407-402-393  PREMIUM MARKET 2016/18
TRADING: FLAT-NET SELLING-DECELERATION-MET RESISTANCE@/CLOSED BELOW 402
POSITIONS: INDICATE MOMENTUM ACCELERATION-FREE WORLD STOCKS-DOWN

 
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  NEW LOW DURING 2016
TREND: DOWN-TARGETS: 7669-7628-7558-7503 PREMIUM MARKET 2016/21
TRADING: DOWN-NET SELLING-ACCELERATION--BROKE/CLOSED BELOW TREND/7558
POSITIONS: INDICATE MOMENTUM FLAT-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT   RESISTANCE @ 159 DAY 3
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/20
TRADING: UP-NET SELLING-ACCELERATION--SUPPORT @ 156 DAY 3-CLOSE@TREND
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