Monday, October 03, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 3/2016  

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    TEST OF/CLOSED @ 346        
TREND: UP/LESS, TARGETS 356-346-333-326-316, PREMIUM MARKET 2016/19
TRADING: UP-NET BUYING-ACCELERATION--ON TREND TEST OF PREVIOUS HIGHS  
POSITIONS: INDICATE MOMENTUM ACCELERATING-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT   @ MAJOR TURNING POINT
TREND: DOWN, TARGETS: 987-968-954-943. PREMIUM MARKET 2016/17
TRADING: FLAT-NET BUYING-ACCELERATION--TEST OF/CLOSED ABOVE TREND/968
POSITIONS: INDICATE MOMENTUM DECELERATING-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT      DOWN FROM LOWER HIGH
TREND: DOWN/LESS, TARGETS: 407-402-393-383  PREMIUM MARKET 2016/18
TRADING: FLAT-NET SELLING-DECELERATION--ABOVE TREND @ 393 SUPPORT
POSITIONS: INDICATE MOMENTUM DECELERATING-FREE WORLD STOCKS-DOWN

 
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. FAILING MAKE NEW HIGH
TREND: DOWN-TARGETS: 7669-7628-7558-7503 PREMIUM MARKET 2016/21
TRADING: DOWN NET BUYING-DECELERATION--UPSIDE TREND + ONSIDE 7628
POSITIONS: INDICATE MOMENTUM DECELERATING-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT   MOMENTUM IS FLAT-POSITIONS
TREND: UP/MORE TARGETS: 144-151-164-177,  PREMIUM MARKET 2016/20
TRADING: UP-NET BUYING-DECELERATION--DOWNSIDE TREND + ABOVE MAJOR HIGHS
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