Thursday, December 01, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 1/2016 

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    NEW LOW
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  325-340-351-360  NET COMMITMENTS-LIQUIDATION
TRADING: DOWN, WIDER RANGE, SELLING, CLOSED BELOW REVISED TREND, ABOVE 340

SOYBEANS/SF17: 65 CENT DAILY LIMIT        NEW LOW BELOW TREND
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062  NET COMMITMENTS-ACCUMULATION
TRADING: DOWN, NARROWED RANGE, NET SELLING, TESTED/CLOSED @ 1030

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT   CLOSED BELOW TREND, OVERSOLD  
TREND: DOWN (NEW)  PREMIUM MARKET MAR17/MAR19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376  NET COMMITMENTS-NET LIQUIDATION
TRADING: DOWN, WIDER RANGE, NET SELLING, TESTED/CLOSED BELOW 402

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.   REVERSAL UP CONFIRMED,
TREND: UP{NEW)   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7360-7464-7522-7522,  NET COMMITMENTS NET LIQUIDATION
TRADING: UP, NARROWED RANGE, BUYING, 7522/SUPPORT, UPSIDE 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: MET RESISTANCE OF PREVIOUS HIGHS, TESTED/CLOSED ABOVE 164,
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