Wednesday, August 17, 2016


FARM COMMODITY SETTLEMENTS AUGUST 17/2016 WEDNESDAY 

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           NO NEW HIGH      
TREND: FLAT, TARGETS 356-346-340-333. COMMITMENTS-LOST MOMENTUM 
TRADING RANGE: FLAT-CONTRACTING-+OFFSET-DOWNSIDE PREVIOUS LOWS-ABOVE 333 
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS UP+VOLUME-MODERATE

SOYBEANS/SX16 65 CENT DAILY LIMIT      NO REVERSAL-RESISTANCE
TREND: DOWN LESS, TARGETS: 1050-1004-968-943. COMMITMENTS-GAINED MOMENTUM 
TRADING RANGE: UP/FLAT-CONTRACTING-NET BUYING-ONSIDE TREND-ONSIDE 1004
FUTURES FORWARD AT DISCOUNT-FREE WORLD STOCKS UP+VOLUME-LOW
 WHEAT/WZ16(NEW): 35 CENT DAILY LIMIT      5TH LOWER HIGH
TREND: DOWN LESS SO, TARGETS: 484-467-439-417 COMMITMENTS-LOST MOMENTUM
TRADING RANGE: UP-CONTRACTING-NET BUYING-ABOVE TREND-ONSIDE 439
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP+VOLUME-MODERATE/LOW
dollar cad/usd: CDU16 4.00 DAILY LIIMIT.  
TREND: UP, TARGETS: 7805-7891-8064-8237, COMMITMENTS LOST MOMENTUM 
TRADING RANGE: UP-CONTRACTED-OFFSET BUYING-ONSIDE TREND-BELOW 7805 
7TH DAY OF MOVE-POTENTIAL PULL BACK +VOLUME-MODERATE- 

HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT  CONFIRMED NEW TREND 
TREND: UP, TARGETS: 158-142-136-130, COMMITMENTS-LOST MOMENTUM 
TRADING RANGE: UP/STEEP-EXPANDING-BUYING-DOWNSIDE TREND+UPSIDE 144
FUTURES FORWARD AT PREMIUM+VOLUME-MODERATE
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