Sunday, November 06, 2016


FARM COMMODITY SETTLEMENTS N0VEMBER 04/2016 

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/UP DAY 1 OF 6 PROJECTED             
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/JUL 19
TRADING: UP/NEUTRAL-OFFSET BUYING-UPSIDE 346/SUPPORT-DOWNSIDE TREND
POSITIONS: ACCUMULATION-FREE WORLD STOCKS FLAT-LOW SALES

SOYBEANS/SF17: 65 CENT DAILY LIMIT  MOVE/FLAT DAY 2                  
TREND: UP/LESS, TARGETS: 975-998-1006-1016. OPEN INTEREST/YEAR TO YEAR LOW
TRADING: FLAT/CONTRACTED-MATCHED-BELOW 998-REVISING TREND LOWER 
POSITIONS: NEUTRAL-FREE WORLD STOCKS UP-LOW SALES

WHEAT/WZ16: 35 CENT DAILY LIMIT     MOVE/FLAT-DAY 2 OF DOWNSWING                
TREND: UP/LESS, TARGETS: 387-411-429-443  PREMIUM MARKET 2016/MAY 18
TRADING: FLAT/CONTRACTED-OFFSET BUYING-UPSIDE 411/SUPPORT-BELOW TREND
POSITIONS: NEUTRAL-FREE WORLD STOCKS-FLAT/DOWN-

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. MOVE/DOWN-TEST OF BOTTOM- 
TREND: DOWN/NEW-TARGETS: 7628-7558-7503-7419   PREMIUM MARKET 2016/SEP 21
TRADING: DOWN/EXPAN3DED-OFFSET BUYING-UPSIDE 7419/SUPPORT-BELOW TREND
POSITIONS: NEUTRAL

HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT  MOVE/DOWN DAY 6 OF 6 PROJECTED  
TREND: UP/LESS TARGETS: 136-144-151-156-159,  POSITIONS: LIQUIDATION
TRADING: DOWN/EXPANDED-NET SELLING-TESTED 144 + TREND/SUPPORT 

No comments:

Google+