Tuesday, September 20, 2016


FARM COMMODITY SETTLEMENTS SEPTEMBER 20/2016 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   WORKING TO CHANGE DIRECTION        
TREND: UP, TARGETS 346-333-326-316-294, FUTURES FORWARD AT PREMIUM 2016/19
TRADING: UP-BUYING DECELERATION-HIGHER LOW-RESISTANCE AT PREVIOUS HIGH 
NET COMMITMENTS INDICATE DECREASED MOMENTUM-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT  WORKING TO CHANGE DIRECTION
TREND: DOWN, TARGETS: 1004-987-968-943. FUTURES FORWARD ARE AT PREMIUM 2016/17
TRADING: UP-NET BUYING-ACCELERATION-HIGHER LOW-RESISTANCE AT PREVIOUS HIGH
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS UP

W
HEAT/WZ16: 35 CENT DAILY LIMIT   WORKING TO CHANGE DIRECTION
TREND: DOWN/LESS, TARGETS: 417-402-393-383  FUTURES FORWARD AT PREMIUM 2016/18
TRADING: UP-EVEN OFFSET-DECELERATION-HIGHER LOW-1ST CLOSE ABOVE MAJOR TREND
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS-DOWN
dollar cad/usd: CDZ/16 4.00 DAILY LIIMIT. TEST OF BOTTOM SUPPORT
TREND: FLAT, TARGETS: 7546-7694-7805-7891 FUTURES FORWARD PREMIUM 2016/21
TRADING: FLAT-OFFSET BUYING-DECELERATION-ON TREND-BELOW RESISTANCE AT 7694 
NET COMMITMENTS INDICATE LESS MOMENTUM  FORWARD PREMIUMS-NOMINAL

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT      TEST OF LOW SUPPORT AT 136   
TREND: UP/LESS, TARGETS: 125-136-144-151,  FUTURES FORWARD AT PREMIUM 2016/20
TRADING: DOWN-NET BUYING-ACCELERATION-LOWER HIGH-136 AS SUPPORT 136
NET COMMITMENTS INDICATE LESS MOMENTUM
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