Tuesday, October 18, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 18/2016  

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

CORN/CZ16: 25 CENT DAILY LIMIT                                  LOW MOMENTUM          
TREND: UP/MORE, TARGETS 356-346-333-326-316, PREMIUM MARKET 2016/18
TRADING: FLAT/CONTRACTED-MATCHED-STADLING TREND-MET RESISTANCE@356  
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS FLAT

SOYBEANS/SX16
: 65 CENT DAILY LIMIT                          LOW MOMENTUM
TREND: UP/STEEP, TARGETS: 934-975-1006-1030. PREMIUM MARKET 2016/17
TRADING: UP/CONTRACTED-NET SELLING-DOWNSIDE TREND-MET RESISTANCE@HIGHS
POSITIONS: MOMENTUM ACCELERATED-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT                             LOW MOMENTUM
TREND: UP/STEEP, TARGETS: 387-411-429-443  PREMIUM MARKET 2016/18
TRADING: FLAT/CONTRACTED-SELLING-DRIFTING BESIDE TREND-BELOW 429
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS-FLAT/DOWN


DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.       CORRECTION MOMENTUM          
TREND: UP/STEEP-TARGETS: 7510-7613-7690-7750  PREMIUM MARKET 2016/21
TRADING: UP/EXPANDED-OFFSET SELLING..DOWNSIDE TREND-MET RESISTANCE@7690/HIGH
POSITIONS: MOMENTUM CONTINUED FLAT-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT          LOW MOMENTUM
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/18
TRADING: UP/CONTRACTED-NET BUYING-BELOW TREND-STRADLING 156
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