Saturday, September 17, 2016


FARM COMMODITY SETTLEMENTS SEPTEMBER 16/2016 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   316/294 = ULTIMATE LOWS 2007/16       
TREND: UP, TARGETS 346-333-326-316-294, FUTURES FORWARD AT PREMIUM 2016/19
TRADING: DOWN-BUYING-ACCELERATION-BELOW TREND-LINE UPSIDE OF 326  
NET COMMITMENTS INDICATE DECREASED MOMENTUM-FREE WORLD STOCKS DOWN
SOYBEANS/SX16 65 CENT DAILY LIMIT  853/784 = ULTIMATE LOWS 2007/16
TREND: DOWN, TARGETS: 1004-987-968-943. FUTURES FORWARD ARE AT PREMIUM 2016/17
TRADING: UP-BUYING-ACCELERATION-UPSIDE TREND-LINE DOWNSIDE 968
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS UP

W
HEAT/WZ16(NEW): 35 CENT DAILY LIMIT   439/387 = ULTIMATE LOWS 2007/16
TREND: DOWN/LESS, TARGETS: 417-402-393-383  FUTURES FORWARD AT PREMIUM 2016/18
TRADING: NET BUYING-ACCELERATION-UPSIDE TREND-LINE ONSIDE 402
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS-DOWN
dollar cad/usd: CDU16 4.00 DAILY LIIMIT. 7699/6842 = ULTIMATE LOWS 2007/16
TREND: FLAT, TARGETS: 7546-7694-7805-7891 FUTURES FORWARD PREMIUM 2016/21
TRADING: DOWN-NET SELLING-ACCELERATION-BELOW TREND-LINE UPSIDE 7546 
NET COMMITMENTS INDICATE LESS MOMENTUM  FORWARD PREMIUMS-NOMINAL

HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT 1.2870/1.OO81=ULTIMATE LOWS 2007/16    
TREND: UP/LESS, TARGETS: 125-136-144-151,  FUTURES FORWARD AT PREMIUM 2016/20
TRADING: FLAT-OFFSET SELLING-DECELERTION-ABOVE 3RD REVISED TREND-LINE UPSIDE 136
NET COMMITMENTS INDICATE LESS MOMENTUM

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