Tuesday, January 03, 2017


FARM COMMODITY SETTLEMENTS JANUARY 03/2017 TUESDAY

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  LOW VOLUME
TREND CHANNEL: UP/GRADUAL  MONTHLY  NARROW  FUTURES PREMIUM MAR17/JUL18
TRADING: 5 HIGHER LOWS  NET BUYING  MET RESISTANCE @ (BOTTOM-360)  CLOSED UP 
TARGETS: UP  (351-360)  377  395  COMMITMENTS: INVESTOR NET SELLING SHORT

SOYS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  OPEN INTEREST/DOWN  LOW VOLUME
TREND CHANNEL: DOWN/MODERATE  WEEKLY, MODERATE RANGE  FUTURES PREMIUM JAN17/JUL17
TRADING: 3 LOWER HIGHS  NET SELLING  TESTED/CLOSED BELOW SUPPORT @ (BOTTOM-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: 5 HIGHER LOWS  NET SELLING  MET RESISTANCE @/CLOSED BELOW 411 ABOVE BOTTOM      
TARGETS: DOWN, (387-411)  429  443  COMMITMENTS: HEDGER NET SELLING SHORT,

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  OPEN INTEREST/(DOWN)  LOW VOLUME
TREND CHANNEL: DOWN, MONTHLY, WIDE RANGE, FUTURES  PREMIUM DEC16/DEC 21 
TRADING:3 HIGHER LOWS  NET BUYING  IN UPPER CHANNEL  MET RESISTANCE CLOSED UP ABOVE 7448
TARGETS: DOWN, 7476  (7448)  7416  7378  COMMITMENTS: (HEDGER NET SELLING LONG)  

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

TRADING: OUTSIDE DAY  NET SELLING  MET RESISTANCE/CLOSED BELOW (TOP-177) 
TARGETS: UP, 151  164  (169-177)  COMMITMENTS: (HEDGER NET SELLING SHORT), 
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