Monday, October 24, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 24/2016  

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   LOWER HIGH AT TOP              
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/18
TRADING: DOWN/EXPANDED-NET SELLING--CLOSED BELOW SUPPORT@LOWS/346  
POSITIONS: MOMENTUM ACCELERATING-FREE WORLD STOCKS FLAT

SOYBEANS/SX16
: 65 CENT DAILY LIMIT     HIGHER LOWS                  
TREND: UP/LESS, TARGETS: 934-975-1006-1030. PREMIUM MARKET 2016/17
TRADING: UP/EXPANDED-NET BUYING-MET RESISTANCE@OLD HIIGHS/CLOSED FLAT
POSITIONS: MOMENTUM ACCELERATING-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT        LOWER HIGHS                  
TREND: UP/LESS, TARGETS: 387-411-429-443  PREMIUM MARKET 2016/18
TRADING: DOWN/EXPANDED-SELLING-TESTED/CLOSED BELOW TREND@402
POSITIONS: MOMENTUM DECELERATING-FREE WORLD STOCKS-FLAT/DOWN


DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.       LOWER HIGHS           
TREND: DOWN/NEW-TARGETS: 7628-7558-7503-7419   PREMIUM MARKET 2016/21
TRADING: DOWN/CONTRACTED-SELLING..BELOW TREND/7503
POSITIONS: MOMENTUM CONTINUED FLAT-

HEATING OIL (ULSD)HOZ/
16 25 CENT DAILY LIMIT  MOMENTUM DECELERATED    
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/18
TRADING: FLAT/EXPANDED-NET SELLING-CLOSED BELOW TREND/SUPPORT@159

No comments:

Google+