Thursday, December 08, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 8/2016 

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      PENETRATED SUPPORT AT TREND
TREND: DOWN/NEW  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: 356-351-346-339-333  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: DOWN, WIDE, NET SELLING, MET SUPPORT AT/CLOSED BELOW 351

SOYBEANS/SF17: 65 CENT DAILY LIMIT  RANGES AT TOP SIGNAL LESS MOMENTUM     
TREND: UP/LESS. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: 1050-1022-1005-990, NET COMMITMENTS: HEDGER SHORT SELLING
TRADING: DOWN, WIDE, SELLING, PENETRATED TREND, MET SUPPORT AT 1022

WHEAT/WH17: 35 CENT DAILY LIMIT      1ST HIGHER LOW ABOVE BOTTOM 
TREND: DOWN,  PREMIUM MARKET MAR17/MAY19  NET WORLD STOCKS-UP
TARGETS: 411=402-388-376  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, MID-RANGE, BUYING, UPSIDE TREND MET RESISTANCE BELOW 411

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  ON STEEP TREND FOR 8 DAYS,WATCH CLOSELY
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, MID-RANGE, BUYING, PENETRATED/CLOSED ABOVE TREND/7542, 

HEATING OIL (ULSD)HOF, 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/FEB18, 
TREND: UP  TARGETS: 151-156-164-177,  NET COMMITMENTS: HEDGER SHORT COVERING 
TRADING: DOWN, NARROW, MATCHED, FROM TOP-DAY 4, CLOSED BELOW SUPPORT AT 164
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