Tuesday, October 11, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 11/2016  

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       HIGHER LOW DAY 1 OF MOVE          
TREND: UP/MORE, TARGETS 356-346-333-326-316, PREMIUM MARKET 2016/19
TRADING: UP NET BUYING-CONTINUATION--RESISTANCE/CLOSE@TREND/346  
POSITIONS: INDICATE MOMENTUM DECELERATION-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT     DAY 6 OF MOVE
TREND: DOWN, TARGETS: 987-968-954-943. PREMIUM MARKET 2016/17
TRADING: FLAT-OFFSET SELLING-DECELERATION--TESTED/CLOSED FLAT@954
POSITIONS: INDICATE MOMENTUM FLAT-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT  DAY 6 OF MOVE
TREND: FLAT, TARGETS: 417-407-402-393  PREMIUM MARKET 2016/18
TRADING: UP-NET BUYING-DECELERATION-RESISTANCE/CLOSED UP@407
POSITIONS: INDICATE MOMENTUM ACCELERATION-FREE WORLD STOCKS-DOWN

 
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  DAY 3 OF MOVE
TREND: DOWN-TARGETS: 7669-7628-7558-7503 PREMIUM MARKET 2016/21
TRADING: FLAT-NET SELLING-DECELERATION--TESTED/CLOSED@7558 SUPPORT
POSITIONS: INDICATE MOMENTUM FLAT-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT   RESISTANCE @ 159 DAY 5
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/20
TRADING: FLAT-NET SELLNG-DECELERATION--TESTED/CLOSED@TREND SUPPORT
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