Sunday, August 07, 2016

FARM COMMODITY SETTLEMENTS AUGUST 5/2016 FRIDAY 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING 
TREND: MONTHLY- LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD) 
TRADING: SHORT TERM-RELATIVE STRENGTH OF HIGH/LOW PRICE RANGE(S)-DIRECTION 
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE 

CORN/CZ16: 25 CENT DAILY LIMIT                          TEST OF BOTTOM @ 333
TREND: DOWN, TARGETS 370-356-333-294. COMMITMENTS-MOMENTUM NEUTRAL 
TRADING RANGE: FLAT-CONTRACTING-LIQUIDATION+ONSIDE TREND-ONSIDE 333 
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS UP 

SOYBEANS/SX16 65 CENT DAILY LIMIT   WORKING MAKE 4TH LOWER HIGH   
TREND: DOWN, TARGETS: 1077-1050-1004-968-913. COMMITMENTS-LOSING MOMENTUM 
TRADING RANGE: UP BUYING+EXPANDED-DOWNSIDE TREND-ONSIDE 968
FUTURES FORWARD AT DISCOUNT-WORLD STOCKS FLAT 
WHEAT/SU16: 35 CENT DAILY LIMIT    VIRTUAL REVERSAL  MAKING 4TH LOWER HIGH                    
TREND: DOWN, TARGETS: 463-445-415-391 COMMITMENTS-MAINTAINED MOMENTUM
TRADING RANGE: UP EXPANDING-ABOVE TREND-CLOSED ONSIDE 4155
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP 
dollar can/usd: CDU16 4.00 DAILY LIIMIT. COMMITMENTS-LOST MOMENTUM 
TREND: DOWN, TARGETS: 8018-7761-7658-7568-7418-7298, 5TH LOWER HIGH
TRADING RANGE: DOWN EXPANDING-SELLING-DOWNSIDE TREND-DOWNSIDE 7658 
ONSIDE RESISTANCE AT 5 PREVIOUS LOWS 

HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT  DOWN FROM 4 LOWER HIGHS 
TRENDS: DOWN, TARGETS: 158-142-136-130-121-113, COMMITMENTS-HELD MOMENTUM 
TRADING RANGE: FLAT EXPANDED-BUYING-UPSIDE TREND+UPSIDE 130
WORKING 6TH LOWER HIGH-NEW LOW-FUTURES FORWARD AT PREMIUM
Post a Comment
Google+