Monday, October 31, 2016


FARM COMMODITY SETTLEMENTS OCTOBER 31/2016 

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   MOVE/DAY 5 OF PROJECTED 6-TOPPY             
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/JUL 19
TRADING: DOWN DOWNSIDE 356/RESISTANCE-EXPANDED-OFFSET SELLING-BELOW TREND
POSITIONS: MOMENTUM FLAT-FREE WORLD STOCKS FLAT

SOYBEANS/SF17: 65 CENT DAILY LIMIT  MOVE/DAY 2 OF PROJECTED 6-DOWN                   
TREND: UP, TARGETS: 975-1006-1030-1078. PREMIUM MARKET 2016/AUG 17
TRADING: DOWN UPSIDE 1006/SUPPORT-CONTRACTING-MATCHED BELOW TREND 
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS UP

WHEAT/WZ16: 35 CENT DAILY LIMIT     MOVE/DAY 4 OF PROJECTED 6-TOPPY                
TREND: UP/LESS, TARGETS: 387-411-429-443  PREMIUM MARKET 2016/DEC 18
TRADING: FLAT TESTING 411/SUPPORT-CONTRACTED-NET BUYING-ON TREND
POSITIONS: MOMENTUM ACCELERATED-FREE WORLD STOCKS-FLAT/DOWN 

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. MOVE/DAY 4 OF PROJECTED 6
TREND: DOWN/NEW-TARGETS: 7628-7558-7503-7419   PREMIUM MARKET 2016/SEP 21
TRADING: FLAT TESTED MINOR TREND/SUPPORT-CONTRACTED-SELLING-BELOW MAJOR TREND
POSITIONS: MOMENTUM ACCELERATED-

HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT  MOVE/DAY 2-LOWER HIGH  
TREND: UP/LESS TARGETS: 136-144-151-156-159,  PREMIUM MARKET 2016/FED 18
TRADING: DOWN TESTED 151/SUPPORT-EXPANDED-SELLING-TESTED TREND/SUPPORT

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