Wednesday, January 04, 2017


FARM COMMODITY SETTLEMENTS JANUARY 04 2017 WEDNESDAY

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  MEDIUM VOLUME
TREND CHANNEL: UP/GRADUAL  MONTHLY  NARROW  FUTURES PREMIUM MAR17/JUL18
TRADING: 6 HIGHER LOWS  BUYING  THROUGH RESISTANCE  CLOSED ABOVE BOTTOM AT 360 
TARGETS: UP  351  (360)  377  395  COMMITMENTS: INVESTOR NET SELLING SHORT

SOYS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  OPEN INTEREST/FLAT  LOW VOLUME
TREND CHANNEL: DOWN/MODERATE  WEEKLY, MODERATE RANGE  FUTURES PREMIUM JAN17/JUL17
TRADING: REVERSAL SIGNAL  BUYING  THROUGH RESISTANCE  CLOSED ABOVE BOTTOM AND 1005     
TARGETS: DOWN, 1022  (1005)  990  965  COMMITMENTS: INVESTOR NET SELLING LONG 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   OPEN INTEREST/(UP), LOW VOLUME
TREND CHANNEL: UP/GRADUAL   MONTHLY   NARROW   FUTURES PREMIUM  MAR17/MAY19
TRADING: 6 HIGHER LOWS  BUYING  THROUGH RESISTANCE  CLOSED ABOVE 411  IN L0WER CHANNEL      
TARGETS: DOWN, 387  (411)  429  443  COMMITMENTS: HEDGER NET SELLING SHORT,

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  OPEN INTEREST/(UP)  MEDIUM VOLUME
TREND CHANNEL: DOWN, MONTHLY, WIDE RANGE, FUTURES  PREMIUM DEC16/DEC 21 
TRADING:FLAT LOW  NET BUYING  THROUGH 7476  MET RESISTANCE/CLOSED UP AT 7521
TARGETS: DOWN, 7556  (7521)  7476  7448  COMMITMENTS: (HEDGER NET SELLING LONG)  

HEATING OIL ULSD  HOG/17  25 CENT DAILY LIMIT,  OPEN INTEREST/(FLAT), VOLUME/(HIGH) 
TREND CHANNEL: UP,/GRADUAL MONTHLY, WIDE,   FUTURES PREMIUM JAN17/FEB18

TRADING: LOWER HIGH  NET BUYING  MET RESISTANCE/CLOSED AT 169 
TARGETS: UP, 151  164  (169)  177  COMMITMENTS: (HEDGER NET SELLING SHORT), 
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