Wednesday, October 05, 2016

FARM COMMODITY SETTLEMENTS OCTOBER 5/2016  

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

CORN/CZ16: 25 CENT DAILY LIMIT    MET RESISTANCE @ MAJOR HIGH DAY 2       
TREND: UP/LESS, TARGETS 356-346-333-326-316, PREMIUM MARKET 2016/19
TRADING: FLAT EVEN BUYING-ACCELERATION--CLOSED UP ABOVE TREND/346  
POSITIONS: INDICATE MOMENTUM ACCELERATING-FREE WORLD STOCKS DOWN

SOYBEANS/SX16
: 65 CENT DAILY LIMIT   MET RESISTANCE @ 968
TREND: DOWN, TARGETS: 987-968-954-943. PREMIUM MARKET 2016/17
TRADING: FLAT-NET BUYING-ACCELERATION--TESTED/CLOSED BELOW TREND
POSITIONS: INDICATE MOMENTUM DECELERATING-FREE WORLD STOCKS UP

W
HEAT/W:Z16: 35 CENT DAILY LIMIT      MET RESISTANCE @ 407
TREND: DOWN/LESS, TARGETS: 417-407-402-393  PREMIUM MARKET 2016/18
TRADING: UP-NET BUYING-ACCELERATION-CLOSED ABOVE TREND/BOTTOM @ 393
POSITIONS: INDICATE MOMENTUM DECELERATING-FREE WORLD STOCKS-DOWN

 
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. MET SUPPORT @ 7558
TREND: DOWN-TARGETS: 7669-7628-7558-7503 PREMIUM MARKET 2016/21
TRADING: DOWN BUYING-DECELERATION--UPSIDE/CLOSED ABOVE TREND
POSITIONS: INDICATE MOMENTUM DECELERATING-

HEATING OIL (ULSD)HOX/
16 25 CENT DAILY LIMIT   MET RESISTANCE @ 159
TREND: UP/MORE TARGETS: 151-156-159-164,  PREMIUM MARKET 2016/20
TRADING: UP-NET BUYING-DECELERATION--CLOSED UP-UPSIDE TREND/156
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