Tuesday, August 30, 2016


FARM COMMODITY SETTLEMENTS AUGUST 30/2016 TUESDAY 

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      DUE FOR UPSWING-OVERSOLD      
TREND: FLAT, TARGETS 356-333-316-294. COMMITMENTS-OFFSET MOMENTUM 
TRADING RANGE: DOWN-CONTRACTIONJ-SELLING-BELOW TRENDLINE-CLOSED @ 316 
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS UP+VOLUME HIGH

SOYBEANS/SX16 65 CENT DAILY LIMIT      DUE FOR UPSWING-OVERSOLD
TREND: DOWN/LESS, TARGETS: 1018-1004-968-943. COMMITMENTS-GAINING MOMENTUM 
TRADING RANGE: DOWN-CONTRACTION-NET SELLING-BELOW TRENDLINE-ABOVE 943
FUTURES FORWARD AT DISCOUNT-FREE WORLD STOCKS UP+VOLUME-LOW
WHEAT/WZ16(NEW): 35 CENT DAILY LIMIT      DUE FOR UPSWING-OVERSOLD 
TREND: DOWN/MORE, TARGETS: 467-439-417-383 COMMITMENTS-OFFSET MOMENTUM
TRADING RANGE:DOWN-CONTRACTION-NET SELLING-BELOW TRENDLINE ABOVE 383
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP+VOLUME-MODERATE
dollar cad/usd: CDU16 4.00 DAILY LIIMIT.  TESTED/CLOSED BELOW CONVERGENCE
TREND: UP, TARGETS: 7546-7694-7805-7891 COMMITMENTS GAINING MOMENTUM 
TRADING RANGE: DOWN-EXPANSION-SELLING-CLOSED BELOW TRENDLINE AND 7694 
3RD DAY OF SINGLE DOWNSWING-VOLUME-MODERATE

HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT     COMPLETING A ROUNDED TOP 
TREND: UP/LESS, TARGETS: 144-151-164-177, COMMITMENTS GAINING MOMENTUM 
TRADING RANGE: DOWN-EXPANSION-NET SELLING-ONSIDE TRENDLINE BELOW 151
FUTURES FORWARD AT PREMIUM+VOLUME-MODERATE

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