Tuesday, December 06, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 6/2016 

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 NEAR ULTIMATE LOW
TREND: UP/MORE  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-367-377  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP WIDE OFFSET BUYING, TESTED/CLOSED ABOVE RESISTANCE AT TREND+AT 360

SOYBEANS/SF17: 65 CENT DAILY LIMIT  MET RESISTANCE AT 1062 FOR A SECOND TIME     
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062  NET COMMITMENTS: HEDGER SHORT SELLING
TRADING: UP, MODERATE, NET SELLERS, CLOSED BELOW BOTH TREND AND 1049 AS SUPPORT

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT      MET RESISTANCE AT NOVEMBER LOWS   
TREND: DOWN (NEW)  PREMIUM MARKET MAR17/MAY19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, NARROW, NET SELLERS, TESTED/CLOSED BELOW 411 AS SUPPORT

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  MET RESISTANCE AT 7542 FOR A THIRD TIME
TREND: UP{NEW)   PREMIUM MARKET DEC16/SEP 21 TIME FOR YEAR END REPATRIATION SELLING
TARGETS: (PROJECTED) 7360-7464-7542-7602,  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: FLAT, NARROW, NET SELLERS, OFF TREND-LESS BULLISH, CLOSED BELOW 7542 

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/FEB18
TREND: UP  TARGETS: 151-156-164-177,  NET COMMITMENTS: HEDGER SHORT COVERING 
TRADING: DOWN, NARROW, NET SELLERS, A TOP, DOWNSIDE TREND, TO BELOW SUPPORT@164 
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