Tuesday, September 27, 2016


FARM COMMODITY SETTLEMENTS SEPTEMBER 27/2016 TUESDAY 


MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING 
TREND: MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TRADING: SHORT TERM-RELATIVE STRENGTH OF MOMENTUM-DIRECTION 
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE 

CORN/CZ16: 25 CENT DAILY LIMIT            BELOW RESISTANCE AT 333        
TREND: UP/LESS, TARGETS 346-333-326-316-294, PREMIUM MARKET 2016/19
TRADING: DOWN-NET BUYING-DECELERATION--MET SUPPORT @ PREVIOUS LOW  
POSITIONS: INDICATE MOMENTUM DECELERATING-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT    TESTED/CLOSED ABOVE 943
TREND: DOWN, TARGETS: 1004-987-968-943. PREMIUM MARKET 2016/17
TRADING: DOWN-NET BUYING-ACCELERATION--DOWNSIDE/CLOSED @ TREND
POSITIONS: INDICATE MOMENTUM ACCELERATING-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT        TESTED RESISTANCE @ 402
TREND: DOWN/LESS, TARGETS: 417-402-393-383  PREMIUM MARKET 2016/18
TRADING: DOWN-NET BUYING-ACCELERATION--UPSIDE TREND/CLOSED UP
POSITIONS: INDICATE MOMENTUM FLAT-FREE WORLD STOCKS-DOWN
dollar cad/usd: CDZ/16 4.00 DAILY LIIMIT.   MET SUPPORT @ 7558                                              -------------------------------------TREND: DOWN, TARGETS: 7669-7628-7558-7503 PREMIUM MARKET 2016/21
TRADING: DOWN OFFSET BUYING-ACCELERATION--DOWNSIDE TREND 
POSITIONS: INDICATE MOMENTUM DECELERATING-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT PENETRATED SUPPORT AT 144
TREND: UP/LESS, TARGETS: 125-136-144-151,  PREMIUM MARKET 2016/20
TRADING: FLAT-SELLING-DECELERATION--CLOSED BELOW TREND
POSITIONS: INDICATE MOMENTUM FLAT

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