Tuesday, December 13, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 13/2016 

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: MOVEMENT, MOMENTUM (RANGE), RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/UP, VOLUME/MODERATE
TREND CHANNEL: UP, MONTHLY, INTERMEDIATE RANGE, FUTURES PREMIUM MAR17/JUL18
TRADING: UP, MID CHANNEL, LOSING MOMENTUM, TESTING 360 AS RESISTANCE
TARGETS: UP, 325-360-377-395, NET COMMITMENTS: INVESTOR LIQUIDATED LONG

SOYS/SF17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/UP VOLUME/MODERATE       
TREND CHANNEL:  UP, MONTHLY, INTERMEDIATE RANGE, FUTURES PREMIUM JAN17/JUL17
TRADING: DOWN BELOW MID CHANNEL, LOSING MOMENTUM, ABOIVE 1022 AS SUPPORT
TARGETS: DOWN, 1065-1022-1005-990, NET COMMITMENTS: HEDGER ACCUMULATED LONG 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/FLAT, VOLUME/LOW      
TREND CHANNEL: UP, MONTHY, WIDE RANGE, FUTURES PREMIUM  MAR17/MAY19
TRADING: UP ABOVE MID CHANNEL, LOSING MOMENTUM, BELOW 425 AS RESISTANCE 
TARGETS: UP, 409-425-437-446, NET COMMITMENTS: HEDGER ACCUMULATED LONG,

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  OPEN INTEREST/DOWN, VOLUME MODERATE
TREND CHANNEL: DOWN, MONTHLY, WIDE RANGE, FUTURES  PREMIUM DEC16/SEP 21 
TRADING: UP TESTING TOP OF CHANNEL, LOSING MOMENTUM, TESTING 7602 AS RESISTANCE,
TARGETS: UP, 7360-7464-7502-7602-7724, NET COMMITMENTS: HEDGERS COVERED SHORT  

HEATING OIL (ULSD)HOF, 25 CENT DAILY LIMIT  FUTURES PREMIUM JAN17/FEB18, 
TREND CHANNEL: UP, MONTHLY, WIDE, TRADING: UP, TESTING TOP OF CHANNEL, GAINED MOMENTUM, 
TARGETS: UP, 144-151-164-177, HEDGERS/INVESTORS LIQUIDATED LONG, POTENTIEL 
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