Wednesday, November 30, 2016


FARM COMMODITY SETTLEMENTS N0VEMBER 30/2016 

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    FIRST NOTICE DAY CZ16
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  325-340-351-360  NET COMMITMENTS-LIQUIDATION
TRADING: TESTED/CLOSED BELOW RESISTANCE AT 351, BELOW TREND, OVERSOLD

SOYBEANS/SF17: 65 CENT DAILY LIMIT           OPEN INTEREST UP12346 CONTRACTS
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062  NET COMMITMENTS-ACCUMULATION
TRADING: TESTED/CLOSED BELOW SUPPORT AT BOTH 1038 AND TREND

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT     FIRST NOTICE DAY WZ16
TREND: DOWN (NEW)  PREMIUM MARKET MAR17/MAR19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376  NET COMMITMENTS-NET LIQUIDATION
TRADING: MODERATE RANGE, MET SUPPORT@402, TESTED/CLOSED BELOW NEW TREND

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.   HIGHER LOW, FLAT CLOSE, SPIKED
TREND: DOWN   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7419  NET COMMITMENTS NET LIQUIDATION
TRADING: WIDE RANGE, TESTED/CLOSED BELOW RESISTANCE AT 7503, ABOVE TREND

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/MAR18
TREND: UP  TARGETS: (PROJECTED) 151-156-164-177,  NET COMMITMENTS: LIQUIDATION
TRADING: WIDE RANGE, TESTED/CLOSED ABOVE RESISTANCE AT BOTH 156 AND TREND
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