Friday, December 09, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 9/2016 

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/CLOSED ABOVE TREND AS RESISTANCE
TREND: DOWN  PREMIUM MARKET  MAR17/JUL18  FREE WORLD STOCKS/UP
TARGETS: 356-351-346-339-333  NET COMMITMENTS: INVESTOR SOLD LONG
TRADING: FLAT, INTERMEDIATE, BUYING, PENETRATED 356/CLOSED ABOVE.

SOYBEANS/SF17: 65 CENT DAILY LIMIT  DOWNSIDE TREND     
TREND: UP/LESS. PREMIUM MARKET JAN17/JUL17, FREE WORLD STOCKS/UP
TARGETS: 1050-1022-1005-990, NET COMMITMENTS: HEDGER BOUGHT LONG
TRADING: DOWN, INTERMEDIATE, BUYING UP FROM 1022/CLOSED BELOW TREND

WHEAT/WH17: 35 CENT DAILY LIMIT      UPSIDE TREND 
TREND: DOWN,  PREMIUM MARKET MAR17/MAY19  FREE WORLD STOCKS/UP
TARGETS: 446-421-411=402-388, NET COMMITMENTS: HEDGER BIG/SMALL BOUGHT LONG
TRADING: UP, WIDE, BUYING, PENETRATED RESISTANCE AT 411/CLOSED UP

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  ONSIDE STEEP TREND-9 DAYS
TREND: UP/UP LESS   PREMIUM MARKET DEC16/SEP 21 
TARGETS: 7360-7464-7542-7602, NET COMMITMENTS: HEDGER BIG/SMALL SHORT COVERED
TRADING: UP, NARROW, NET BUYING, MET RESISTANCE AT 7602/CLOSED BELOW, 

HEATING OIL (ULSD)HOF, 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/FEB18, 
TREND: UP  TARGETS: 151-156-164-177,  NET COMMITMENTS: HEDGER/INVESTOR SOLD LONG
TRADING: DOWN, NARROW, MATCHED, ABOVE TREND AT 164 AS RESISTANCE
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