Thursday, October 27, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 27/2016 

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   RESISTANCE@PREVIOUS HIGHS-TESTED             
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/18
TRADING: UP/CONTRACTED-BUYING..DOWNSIDE TREND-TESTED/CLOSED ABOVE 356 
POSITIONS: MOMENTUM ACCELERATING-FREE WORLD STOCKS FLAT

SOYBEANS/SF17: 65 CENT DAILY LIMIT  RESISTANCE@PREVIOUS HIGHS-TESTED                   
TREND: UP, TARGETS: 975-1006-1030-1078. PREMIUM MARKET 2016/17
TRADING: UP/CONTRACTED-NET BUYING..UPSIDE TREND-MET RESISTANCE/1030 
POSITIONS: MOMENTUM ACCELERATING-FREE WORLD STOCKS UP

WHEAT/WZ16: 35 CENT DAILY LIMIT     DAY 3 OF PROJECTED 6 DAY MOVE                
TREND: UP/LESS, TARGETS: 387-411-429-443  PREMIUM MARKET 2016/18
TRADING: UP/CONTRACTED-NET BUYING..UPSIDE TREND/411
POSITIONS: MOMENTUM DECELERATING-FREE WORLD STOCKS-FLAT/DOWN 

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

HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT  CONSOLIDATION INSIDE 156-159  
TREND: UP/LESS TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/18
TRADING: UP/NO CHANGE-NET BUYING-BELOW TREND-MET 159/RESISTANCE

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