Thursday, December 22, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 22/2016 THURSDAY

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, RELATIVE STRENGTH OF CHANNEL/TARGET, MOMENTUM (LENGTH OF RANGE),  

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/UP, VOLUME/LOW
TREND CHANNEL: UP/GRADUAL, MONTHLY, NARROW RANGE, FUTURES PREMIUM MAR17/JUL18
TRADING: DOWN-FLAT, MATCHED, FLAT CLOSE BELOW CHANNEL BOTTOM/351, DECELERATING,
TARGETS: UP, 325-(340-351)-360, COMMITMENTS: INVESTOR ACCUMULATION BOTH SIDES

SOYS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/DOWN, VOL/MODERATE
TREND CHANNEL: (DOWN/MODERATE), (WEEKLY), MODERATE RANGE, FUTURES PREMIUM JAN17/JUL17
TRADING: DOWN, SELLING, CLOSED BELOW SUPPORT@CHANNEL BOTTOM+@1005, ACCELERATED 
TARGETS: DOWN, 1022-(1005)-990-965, COMMITMENTS: INVESTOR NET LIQUIDATION LONG 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/UP, VOLUME/LOW
TREND CHANNEL: UP/GRADUAL, MONTHLY, WIDE RANGE, FUTURES PREMIUM  MAR17/MAY19
TRADING: DOWN, NET SELLING, TESTED/CLOSED BELOW CHANNEL BOTTOM+402, DECELERATED   
TARGETS: DOWN 411-(402)-388-376, COMMITMENTS: HEDGER NET SHORT SELLING,

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  OPEN INTEREST/DOWN, VOLUME LOW
TREND CHANNEL: DOWN, MONTHLY, WIDE RANGE, FUTURES  PREMIUM DEC16/SEP 21 
TRADING: DOWN, NET SELLING, BELOW SUPPORT MID CHANNEL+CLOSED ABOVE 7416, ACCELERATED
TARGETS: DOWN, 7521-(7416)-7378-7332, COMMITMENTS: INVESTOR NET SHORT SELLING  

HEATING OIL (ULSD)(HOG/17), 25 CENT DAILY LIMIT  FUTURES PREMIUM JAN17/FEB18, 
TREND CHANNEL: UP,/GRADUAL MONTHLY, WIDE, TRADING: NET BUYING, SUPPORT@164/BELOW TOP
TARGETS: UP, 151-(164-169)-177, COMMITMENTS: HEDGER NET SHORT SELLING, ACCELERATING
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