Tuesday, September 13, 2016


FARM COMMODITY SETTLEMENTS SEPTEMBER 13/2016 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 MOMENTUM-DIRECTION 
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE 

CORN/CZ16: 25 CENT DAILY LIMIT   A FIRM  CORRECTION      
TREND: UP, TARGETS 356-346-333-316, FUTURES FORWARD AT PREMIUM 
TRADING: DOWN-SELLING-ACCELERATION-TEST OF TRENDLINE + 333 SUPPORT  
NET COMMITMENTS INDICATE INCREASED VOLATILITY-FREE WORLD STOCKS DOWN
SOYBEANS/SX16 65 CENT DAILY LIMIT  NEW LOWER HIGH
TREND: DOWN, TARGETS: 1004-987-968-943. FUTURES FORWARD ARE FLAT/DOWN
TRADING: DOWN-NET SELLING-DECELERATION-BELOW TREND AT 943 SUPPORT
NET COMMITMENTS INDICATE LESS VOLATILITY-FREE WORLD STOCKS UP

W
HEAT/WZ16(NEW): 35 CENT DAILY LIMIT   FLAT TOP
TREND: DOWN/LESS, TARGETS: 417-402-393-383  FUTURES FORWARD AT PREMIUM
TRADING: FLAT-SELLING-ACCELERATED-AT TREND AND 402 SUPPORT
NET COMMITMENTS INDICATE LESS VOLATILITY-FREE WORLD STOCKS-DOWN
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-AT SUPPORT OF 6 OLD LOWS MID 7694-7546 
NET COMMITMENTS INDICATE LESS 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: FLAT-NET SELLING-DECELERTED-ABOVE TREND AT 144 RESISTANCE
NET COMMITMENTS INDICATE LESS VOLATILITY
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