Tuesday, November 22, 2016

FARM COMMODITY SETTLEMENTS N0VEMBER 22/2016 

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

CORN/CH17(NEW): 25 CENT DAILY LIMIT  SMALL STEP MOVEMENT CAN BE BULLISH
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-377-395  NET COMMITMENTS-DECREASED
TRADING: CONSTANT UP/OFFSET UYING-ABOVE TREND AT 360/RESISTANCE

SOYBEANS/SF17: 65 CENT DAILY LIMIT     OPEN INTEREST UP SHARPLY FROM LOW              
TREND: UP/MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030  NET COMMITMENTS-DECREASED 
TRADING: DECELERATED UP/NET BUYING-TESTED/CLOSED ABOVE TREND AT 1030

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT  OPEN INTEREST DOWN FROM HIGH                              
TREND: UP  PREMIUM MARKET MAR17/DEC19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) (NEW) 409-425-437-446  NET COMMITMENTS-CONSTANT
TRADING: DECELERATED UP/OFFSET BUYING-TESTED/CLOSED ABOVE TREND+425 RESISTANCE

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. OPEN INTEREST DOWN         
TREND: DOWN   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420  NET COMMITMENTS DECREASED
TRADING: DECELERATED FLAT/NET SELLING-TESTED/CLOSED ABOVE TREND+7420/SUPPORT 

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/MAR18  
TREND: UP  TARGETS: (PROJECTED) 144-151-156-164,  NET COMMITMENTS DECREASED
TRADING: DECELERATED UP/MATCHED-ABOVE TREND TESTED 156/RESISTANCE-OVERBOUGHT  

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