Sunday, September 11, 2016

FARM COMMODITY SETTLEMENTS SEPTEMBER 9/2016 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 MOMENTUM-DIRECTION 
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE 

CORN/CZ16: 25 CENT DAILY LIMIT   NEAR END OF MIINOR MOVE      
TREND: UP, TARGETS 356-346-333-316, FUTURES FORWARD AT PREMIUM 
TRADING: UP-NET BUYING-DECELERATION-CONFIRMED UP TRENDLINE  
NET COMMITMENTS INDICATE INCREASED VOLATILITY-FREE WORLD STOCKS UP
SOYBEANS/SX16 65 CENT DAILY LIMIT  NEAR END OF MINOR MOVE
TREND: DOWN, TARGETS: 1018-1004-987-968. FUTURES FORWARD ARE FLAT/DOWN
TRADING: FLAT-NET BUYING-DECELERATION-TEST OF TREND BELOW 987
NET COMMITMENTS INDICATE LESS VOLATILITY-FREE WORLD STOCKS UP

W
HEAT/WZ16(NEW): 35 CENT DAILY LIMIT   END OF MINOR MOVE-TOPPING
TREND: DOWN/LESS, TARGETS: 417-402-393-383  FUTURES FORWARD AT PREMIUM
TRADING: DOWN-OFFSET SELLING-ACCELERATING-MET TREND + 402 SUPPORT
NET COMMITMENTS INDICATE FLAT VOLATILITY-FREE WORLD STOCKS-UP
dollar cad/usd: CDU16 4.00 DAILY LIIMIT. DOWN FROM FLAT HIGHS AT 7805
TREND: UP/LESS, TARGETS: 7546-7694-7805-7891  
TRADING: DOWN-SELLING-ACCELERATED-TEST OF TREND AND 7694 SUPPORT 
NET COMMITMENTS INDICATE FLAT VOLATILITY

HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT DOWNSWING FROM TREND    
TREND: UP/LESS, TARGETS: 125-136-144-151,  FUTURES FORWARD AT PREMIUM
TRADING: DOWEN-SELLING-ACCELERTION-TESTING 144 SUPPORT-DOWNSIDE TREND
NET COMMITMENTS INDICATE LESS VOLATILE

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