Monday, November 28, 2016


FARM COMMODITY SETTLEMENTS N0VEMBER 28/2016 


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    OPEN INTEREST DOWN 44888 CONTRACTS
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-377-395  NET COMMITMENTS-LIQUIDATION
TRADING: TESTED/CLOSED BELOW RESISTANCE AT 360, UPSIDE TREND

SOYBEANS/SF17: 65 CENT DAILY LIMIT           OPEN INTEREST/UP
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1049-1062-1078  NET COMMITMENTS-ACCUMULATION
TRADING: TESTED/CLOSED BELOW RESISTANCE AT 1062 ABOVE TREND-OVERBOUGHT

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT      OPEN INTEREST DOWN 22287 CONTRACTS
TREND: UP  PREMIUM MARKET MAR17/MAR19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 409-425-437-446  NET COMMITMENTS-NET LIQUIDATION
TRADING: MAKING NEW LOW BELOW 425 AND TREND-OVERSOLD

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.   SIGNALLED A REVERSAL
TREND: DOWN   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420  NET COMMITMENTS NET LIQUIDATION
TRADING: TESTED/CLOSED ABOVE RESISTANCE AT 7420 AT TREND

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/MAR18
TREND: UP  TARGETS: (PROJECTED) 144-151-156-164,  NET COMMITMENTS: LIQUIDATION
TRADING: TESTED/CLOSED ABOVE RESISTANCE AT 151 AND TREND
Post a Comment
Google+