Thursday, October 20, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 20/2016  

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     VIRTUAL REVERSAL-LOWER CLOSE              
TREND: UP/MORE, TARGETS 326-333-346-356, PREMIUM MARKET 2016/18
TRADING: FLAT/EXPANDED SELLING-PENETRATED/CLOSED BELOW TREND/356  
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS FLAT

SOYBEANS/SX16
: 65 CENT DAILY LIMIT     ROUNDING TOP/LOWER CLOSE                   
TREND: UP/STEEP, TARGETS: 934-975-1006-1030. PREMIUM MARKET 2016/17
TRADING: UP/EXPANDED-SELLING-PENETRATED/CLOSED BELOW TREND/975
POSITIONS: MOMENTUM ACCELERATED-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT         CONSOLIDATING/LOWER CLOSE                  
TREND: UP/STEEP, TARGETS: 387-411-429-443  PREMIUM MARKET 2016/18
TRADING: FLAT/CONTRACTED-NET SELLING-DRIFTING OFF TREND NEAR-411
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS-FLAT/DOWN


DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.       DAY 2 OF LEG DOWN           
TREND: UP/STEEP-TARGETS: 7510-7613-7690-7750  PREMIUM MARKET 2016/21
TRADING: DOWN/CONTRACTED-SELLING..AWAY FROM TREND@7558 SUPPORT
POSITIONS: MOMENTUM CONTINUED FLAT-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT  MADE TOP/CLOSED GAP      
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/18
TRADING: DOWN/EXPANDED-SELLING-BELOW TREND@156 SUPPORT

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