Monday, October 17, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 17/2016  

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                                  LOW SALES          
TREND: UP/MORE, TARGETS 356-346-333-326-316, PREMIUM MARKET 2016/18
TRADING RANGE: FLAT/CONTRACTED-OFFSET SELLING AT 356-UPSIDE TREND  
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS FLAT

SOYBEANS/SX16
: 65 CENT DAILY LIMIT                          MODERATE SALES
TREND: UP/NEW, TARGETS: 934-975-1006-1030. PREMIUM MARKET 2016/17
TRADING RANGE: UP/CONTRACTED-BUYING-THROUGH/CLOSED ABOVE 975 UPSIDE TREND
POSITIONS: MOMENTUM ACCELERATED-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT                              LOW SALES
TREND: UP/NEW, TARGETS: 387-411-429-443  PREMIUM MARKET 2016/18
TRADING RANGE: FLAT/CONTRACTED-NET BUYING-HIGH AT 429-UPSIDE TREND
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS-FLAT/DOWN


DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.                 LOW SALES
TREND: UP-TARGETS: 7510-7613-7690-7750  PREMIUM MARKET 2016/21
TRADING RANGE: FLAT/CONTRACTED-OFFSET BUYING..HIGH AT 7628-UPSIDE TREND
POSITIONS: MOMENTUM CONTINUED FLAT-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT       MODERATE SALES
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/18
TRADING RANGE: DOWN/CONTRACTED-NET SELLING-TESTED/CLOSED@156 BELOW TREND
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