Wednesday, December 07, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 7/2016 

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  LOW VOLUME, FORMING A TOP, ON TREND
TREND: UP/UP MORE  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: 351-360-367-377  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: DOWN, NARROW, MATCHED, MEETING RESISTANCE SINCE MID OCTOBER AT 360

SOYBEANS/SF17: 65 CENT DAILY LIMIT  MODERATE VOLUME, ON TREND     
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: 1030-1038-1049-1062  NET COMMITMENTS: HEDGER SHORT SELLING
TRADING: FLAT, NARROW, OFFSET BUYING, RESISTANCE @ TREND/1049

WHEAT/WH17: 35 CENT DAILY LIMIT      LOW VOLUME, ON TREND  
TREND: DOWN,  PREMIUM MARKET MAR17/MAY19  NET WORLD STOCKS-UP
TARGETS: 411=402-388-376  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: DOWN, MEDIUM, SELLING, SUPPORT @ TREND/402

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  LOW VOLUME. ON REVISED TREND
TREND: UP/UP LESS   PREMIUM MARKET DEC16/SEP 21 TIME FOR YEAR END REPATRIATION SELLING
TARGETS: 7360-7464-7542-7602,  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, NARROW, OFFSET SELLING, RESISTANCE @ TREND/7542 (4TH TIME) 

HEATING OIL (ULSD)HOF, 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/FEB18, BELOW TREND
TREND: UP  TARGETS: 151-156-164-177,  NET COMMITMENTS: HEDGER SHORT COVERING 
TRADING: DOWN, NARROW, SELLING, DOWNSIDE/CLOSED BELOW 164, HIGH VOLUME
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