Wednesday, October 12, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 12/2016  

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

CORN/CZ16: 25 CENT DAILY LIMIT      5TH FLAT HIGH          
TREND: UP/MORE, TARGETS 356-346-333-326-316, PREMIUM MARKET 2016/19
TRADING RANGE: DOWN EXPANDED NET SELLING-DOWNSIDE TREND/346 RESISTANCE  
POSITIONS: INDICATE MOMENTUM DECELERATION-FREE WORLD STOCKS FLAT

SOYBEANS/SX16
: 65 CENT DAILY LIMIT     5TH LOWER HIGH
TREND: DOWN, TARGETS: 987-968-954-943. PREMIUM MARKET 2016/17
TRADING RANGE: FLAT-EXPANDED-NET SELLING--UPSIDE TREND/943 SUPPORT
POSITIONS: INDICATE MOMENTUM FLAT-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT  2ND FLAT LOW
TREND: FLAT, TARGETS: 417-407-402-393  PREMIUM MARKET 2016/18
TRADING RANGE: FLAT-EXPANDED-NET SELLING-UPSIDE TREND/402 SUPPORT
POSITIONS: INDICATE MOMENTUM ACCELERATION-FREE WORLD STOCKS-FLAT/DOWN

 
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  5TH LOWER HIGH
TREND: DOWN-TARGETS: 7669-7628-7558-7503 PREMIUM MARKET 2016/21
TRADING RANGE: DOWN-CONTRACTED-EVEN OFFSET-ONSIDE TREND/7558 SUPPORT
POSITIONS: INDICATE MOMENTUM FLAT-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT   6TH FLAT HIGH @ 159
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/20
TRADING RANGE: DOWN-EQUAL-NET SELLNG--THROUGH TREND TO 156 SUPPORT
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