Big Pat's farm commodities analysis. Get the best and most current analysis of trends, trading, targets for corn, wheat, soybeans, heating oil, Canadian Dollar.
Wednesday, November 30, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 30/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CH17(NEW): 25 CENT DAILY LIMIT FIRST NOTICE DAY CZ16
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 325-340-351-360 NET COMMITMENTS-LIQUIDATION
TRADING: TESTED/CLOSED BELOW RESISTANCE AT 351, BELOW TREND, OVERSOLD
SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST UP12346 CONTRACTS
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062 NET COMMITMENTS-ACCUMULATION
TRADING: TESTED/CLOSED BELOW SUPPORT AT BOTH 1038 AND TREND
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT FIRST NOTICE DAY WZ16
TREND: DOWN (NEW) PREMIUM MARKET MAR17/MAR19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376 NET COMMITMENTS-NET LIQUIDATION
TRADING: MODERATE RANGE, MET SUPPORT@402, TESTED/CLOSED BELOW NEW TREND
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. HIGHER LOW, FLAT CLOSE, SPIKED
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7419 NET COMMITMENTS NET LIQUIDATION
TRADING: WIDE RANGE, TESTED/CLOSED BELOW RESISTANCE AT 7503, ABOVE TREND
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 151-156-164-177, NET COMMITMENTS: LIQUIDATION
TRADING: WIDE RANGE, TESTED/CLOSED ABOVE RESISTANCE AT BOTH 156 AND TREND
Tuesday, November 29, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 29/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CH17(NEW): 25 CENT DAILY LIMIT OPEN INTEREST DOWN 32443 CONTRACTS
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 351-360-377-395 NET COMMITMENTS-LIQUIDATION
TRADING: TESTED/CLOSED BELOW SUPPORT AT 351, AT TREND
SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST UP 13978 CONTRACTS
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062 NET COMMITMENTS-ACCUMULATION
TRADING: MET/CLOSED ABOVE SUPPORT AT 1038, ABOVE TREND, OVERBOUGHT
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT OPEN INTEREST DOWN 16310 CONTRACTS
TREND: UP PREMIUM MARKET MAR17/MAR19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 409-425-437-446 NET COMMITMENTS-NET LIQUIDATION
TRADING: TESTED/CLOSED ABOVE SUPPORT AT 409 + AT PREVIOUS LOW, OVERSOLD
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. REVERSAL SIGNAL IN PLACE
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7419 NET COMMITMENTS NET LIQUIDATION
TRADING: UPSIDE 7419 AND TREND AS SUPPORT
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 136-144-151-156, NET COMMITMENTS: LIQUIDATION
TRADING: TESTED/CLOSED ABOVE SUPPORT AT 144, BELOW TREND
Monday, November 28, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 28/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CH17(NEW): 25 CENT DAILY LIMIT OPEN INTEREST DOWN 44888 CONTRACTS
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 351-360-377-395 NET COMMITMENTS-LIQUIDATION
TRADING: TESTED/CLOSED BELOW RESISTANCE AT 360, UPSIDE TREND
SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST/UP
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1049-1062-1078 NET COMMITMENTS-ACCUMULATION
TRADING: TESTED/CLOSED BELOW RESISTANCE AT 1062 ABOVE TREND-OVERBOUGHT
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT OPEN INTEREST DOWN 22287 CONTRACTS
TREND: UP PREMIUM MARKET MAR17/MAR19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 409-425-437-446 NET COMMITMENTS-NET LIQUIDATION
TRADING: MAKING NEW LOW BELOW 425 AND TREND-OVERSOLD
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. SIGNALLED A REVERSAL
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS NET LIQUIDATION
TRADING: TESTED/CLOSED ABOVE RESISTANCE AT 7420 AT TREND
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 144-151-156-164, NET COMMITMENTS: LIQUIDATION
TRADING: TESTED/CLOSED ABOVE RESISTANCE AT 151 AND TREND
Saturday, November 26, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 24/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CH17(NEW): 25 CENT DAILY LIMIT HEDGING ACTIVITY
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 351-360-377-395 NET COMMITMENTS-DECREASED
TRADING: DECELERATED FLAT/BUYING-ABOVE TREND-MET RESISTANCE AT 360
SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST/FLAT
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1049-1062-1078 NET COMMITMENTS-DECREASED
TRADING: FLAT UP/BUYING-MET SUPPORT AT TREND AND RESISTANCE BELOW1049
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT OPEN INTEREST/DOWN
TREND: UP PREMIUM MARKET MAR17/MAR19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 409-425-437-446 NET COMMITMENTS-FLAT
TRADING: DECELERATED FLAT/NET SELLING-MET RESISTANCE AT TREND AND 425
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. OPEN INTEREST CONTINUES DOWN
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS DECREASED
TRADING: DECELERATED DOWN/NET SELLING-MET RESISTANCE AT TREND AND 7420
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 144-151-156-164, NET COMMITMENTS DECREASED
TRADING: ACCELERATED DOWN/SELLING-LOWER HIGH-MET SUPPORT AT TREND BELOW 151
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CH17(NEW): 25 CENT DAILY LIMIT HEDGING ACTIVITY
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 351-360-377-395 NET COMMITMENTS-DECREASED
TRADING: DECELERATED FLAT/BUYING-ABOVE TREND-MET RESISTANCE AT 360
SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST/FLAT
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1049-1062-1078 NET COMMITMENTS-DECREASED
TRADING: FLAT UP/BUYING-MET SUPPORT AT TREND AND RESISTANCE BELOW1049
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT OPEN INTEREST/DOWN
TREND: UP PREMIUM MARKET MAR17/MAR19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 409-425-437-446 NET COMMITMENTS-FLAT
TRADING: DECELERATED FLAT/NET SELLING-MET RESISTANCE AT TREND AND 425
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. OPEN INTEREST CONTINUES DOWN
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS DECREASED
TRADING: DECELERATED DOWN/NET SELLING-MET RESISTANCE AT TREND AND 7420
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 144-151-156-164, NET COMMITMENTS DECREASED
TRADING: ACCELERATED DOWN/SELLING-LOWER HIGH-MET SUPPORT AT TREND BELOW 151
Wednesday, November 23, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 23/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CH17(NEW): 25 CENT DAILY LIMIT PAUSE IN MOVE
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 351-360-377-395 NET COMMITMENTS-DECREASED
TRADING: CONSTANT FLAT/OFFSET BUYING-ABOVE TREND MET 360/RESISTANCE
SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST CONTINUES UP SHARPLY FROM LOW
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030 NET COMMITMENTS-DECREASED
TRADING: CONSTANT UP/NET BUYING-TESTED/CLOSED ABOVE TREND/1030/PREVIOUS HIGH
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT LOOKS TOPPY/LOWER HIGH
TREND: UP PREMIUM MARKET MAR17/MAR19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 409-425-437-446 NET COMMITMENTS-CONSTANT
TRADING: ACCELERATED DOWN/NET SELLING-TESTED/CLOSED BELOW TREND+425/SUPPORT
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. OPEN INTEREST CONTINUES DOWN
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS DECREASED
TRADING: ACCELERATED DOWN/OFFSET BUYING-TESTED/CLOSED ABOVE TREND+7420/SUPPORT
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 144-151-156-164, NET COMMITMENTS DECREASED
TRADING: DECELERATED DOWN/NET SELLING-ABOVE TREND MET 156/RESISTANCE-OVERBOUGHT
Tuesday, November 22, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 22/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CH17(NEW): 25 CENT DAILY LIMIT SMALL STEP MOVEMENT CAN BE BULLISH
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 351-360-377-395 NET COMMITMENTS-DECREASED
TRADING: CONSTANT UP/OFFSET UYING-ABOVE TREND AT 360/RESISTANCE
SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST UP SHARPLY FROM LOW
TREND: UP/MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030 NET COMMITMENTS-DECREASED
TRADING: DECELERATED UP/NET BUYING-TESTED/CLOSED ABOVE TREND AT 1030
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT OPEN INTEREST DOWN FROM HIGH
TREND: UP PREMIUM MARKET MAR17/DEC19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) (NEW) 409-425-437-446 NET COMMITMENTS-CONSTANT
TRADING: DECELERATED UP/OFFSET BUYING-TESTED/CLOSED ABOVE TREND+425 RESISTANCE
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. OPEN INTEREST DOWN
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS DECREASED
TRADING: DECELERATED FLAT/NET SELLING-TESTED/CLOSED ABOVE TREND+7420/SUPPORT
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 144-151-156-164, NET COMMITMENTS DECREASED
TRADING: DECELERATED UP/MATCHED-ABOVE TREND TESTED 156/RESISTANCE-OVERBOUGHT
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CH17(NEW): 25 CENT DAILY LIMIT SMALL STEP MOVEMENT CAN BE BULLISH
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 351-360-377-395 NET COMMITMENTS-DECREASED
TRADING: CONSTANT UP/OFFSET UYING-ABOVE TREND AT 360/RESISTANCE
SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST UP SHARPLY FROM LOW
TREND: UP/MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030 NET COMMITMENTS-DECREASED
TRADING: DECELERATED UP/NET BUYING-TESTED/CLOSED ABOVE TREND AT 1030
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT OPEN INTEREST DOWN FROM HIGH
TREND: UP PREMIUM MARKET MAR17/DEC19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) (NEW) 409-425-437-446 NET COMMITMENTS-CONSTANT
TRADING: DECELERATED UP/OFFSET BUYING-TESTED/CLOSED ABOVE TREND+425 RESISTANCE
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. OPEN INTEREST DOWN
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS DECREASED
TRADING: DECELERATED FLAT/NET SELLING-TESTED/CLOSED ABOVE TREND+7420/SUPPORT
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 144-151-156-164, NET COMMITMENTS DECREASED
TRADING: DECELERATED UP/MATCHED-ABOVE TREND TESTED 156/RESISTANCE-OVERBOUGHT
Monday, November 21, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 21/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CH17(NEW): 25 CENT DAILY LIMIT BROKE OUT UP OUT OF CONVERGENCE
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 351-360-377-395 NET COMMITMENTS-DECREASED
TRADING: CONSTANT UP/ BUYING-UPSIDE TREND SUPPORT-BELOW 360 RESISTANCE
SOYBEANS/SF17: 65 CENT DAILY LIMIT TESTED/CLOSED UP ABOVE CONVERGENCE
TREND: UP/MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030 NET COMMITMENTS-DECREASED
TRADING: ACCELERATED UP/BUYING-TESTED TREND MET RESISTANCE@LAST HIGHS
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT OPEN INTEREST AT YEAR TO YEAR HIGH
TREND: UP PREMIUM MARKET MAR17/DEC19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) (NEW) 409-425-437-446 NET COMMITMENTS-CONSTANT
TRADING: DECELERATED UP/OFFSET BUYING-TESTED/CLOSED ABOVE TREND/425 RESISTANCE
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. FLAT CLOSE/NO BREAKOUT BELOW 7420
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS DECREASED
TRADING: ACCELERATED UP/NET BUYING-TESTED/CLOSED ABOVE TREND/7420 RESISTANCE
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 152-150-145-136, NET COMMITMENTS DECREASED
TRADING: ACCELERATED UP/BUYING-UPSIDE TREND BELOW 156/RESISTANCE
Friday, November 18, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 18/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CH17(NEW): 25 CENT DAILY LIMIT CLOSED ABOVE CONVERGING DOWN-LINE
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) (NEW) 325-340-351-360 NET COMMITMENTS-DECREASED
TRADING: CONSTANT UP/NET BUYING-TESTED/CLOSED ABOVE TREND/RESISTANCE
SOYBEANS/SF17: 65 CENT DAILY LIMIT TRADNG IN AREA OF CONVERGENCE
TREND: UP-3RD REVISED LOWER. PREMIUM MARKET JAN17/JUL17 STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030 NET COMMITMENTS-DECREASED
TRADING: DECELERATED DOWN/NET BUYING-MET SUPPORT AT TREND-ABOVE 975
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT TREND IS BASIS MAR17 FUTURE
TREND: UP PREMIUM MARKET MAR17/DEC19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) (NEW) 409-425-437-446 NET COMMITMENTS-CONSTANT
TRADING: ACCELERATED UP/NET BUYING-BELOW TREND/425 AS RESISTANCE
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. FLAT CLOSE/NO BREAKOUT BELOW 7420
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS DECREASED
TRADING: DECELERATED DOWN/NET BUYING-MET RESISTANCE BELOW TREND/7420
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT MET RESISTANCE@PREVIOUS HIGHS
TARGETS: (PROJECTED) 152-150-145-136, NET COMMITMENTS DECREASED
TRADING: DECELERATED FLAT/OFFSET SELLING-MET TREND/RESISTANCE ALSO 144/SUPPORT
Thursday, November 17, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 17/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CH17(NEW): 25 CENT DAILY LIMIT TREND IS BASIS MAR17 FUTURE
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) (NEW) 325-340-351-360 NET COMMITMENTS-INCREASED
TRADING: CONSTANT DOWN/NET BUYING-MET RESISTANCE AT TREND-AT 351
SOYBEANS/SF17: 65 CENT DAILY LIMIT 2 STRONG TRENDS CONVERGING NEARBY
TREND: UP-3RD REVISED LOWER. PREMIUM MARKET JAN17/JUL17 STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030 NET COMMITMENTS-INCREASED
TRADING: DECELERATED DOWN/NET BUYING-MET SUPPORT AT TREND-ABOVE 975
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT TREND IS BASIS MAR17 FUTURE
TREND: UP PREMIUM MARKET MAR17/DEC18 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) (NEW) 409-425-437-446 NET COMMITMENTS-CONSTANT
TRADING: ACCELERATED UP/NET BUYING-BELOW TREND/425 AS RESISTANCE
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. TESTED/CLOSED BELOW 7420/BOTTOM
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS INCREASED
TRADING: CONSTANT FLAT/NET SELLING-MET RESISTANCE AT TREND
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT TREND/3RD REVISED LOWER
TARGETS: (PROJECTED) 152-150-145-136, NET COMMITMENTS INCREASED
TRADING: DECELERATED UP/NET BUYING- TESTED RESISTANCE AT TREND-UPSIDE 144
Wednesday, November 16, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 16/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS
CORN/CZ16: 25 CENT DAILY LIMIT ONSIDE STRONG SUPPORT LEVEL
TREND: UP/3RD REVISED LOWER PREMIUM MARKET DEC16/JUL18 STOCKS DOWN
TARGETS: (PROJECTED) 326-333-341-356 NET COMMITMENTS-INCREASED
TRADING: DECELERATED UP/NET SELLING-MET TREND/SUPPORT-341/RESISTANCE
SOYBEANS/SF17: 65 CENT DAILY LIMIT UPSIDE STRONG SUPPORT LEVEL
TREND: UP-3RD REVISED LOWER. PREMIUM MARKET JAN17/JUL17 STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030 NET COMMITMENTS-INCREASED
TRADING: CONSTANT UP/NET SELLING-ABOVE TREND
WHEAT/WZ16: 35 CENT DAILY LIMIT UPSIDE STRONG SUPPORT LEVEL
TREND: UP/1ST REVISED LOWER PREMIUM MARKET DEC16/DEC18 STOCKS-UP
TARGETS: (PROJECTED) 387-411-429-443 NET COMMITMENTS-CONSTANT
TRADING: DECELERATED FLAT/NET SELLING-BELOW TREND/411-OVERSOLD
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. CONTINUED SUPPORT AT 7420/BOTTOM
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS INCREASED
TRADING: DECELERATED UP/NET BUYING-TREND/RESISTANCE-7420/SUPPORT
HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT TREND: DOWN/3RD REVISED LOWER
TARGETS: (PROJECTED) 152-150-145-136, NET COMMITMENTS INCREASED
TRADING: DECELERATED UP/NET SELLING-BELOW TREND-TESTED/CLOSED BELOW 144
Tuesday, November 15, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 15/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, DAILY ACTIVITY: RELATIVE STRENGTH OF TREND, TARGETS
CORN/CZ16: 25 CENT DAILY LIMIT ONSIDE STRONG SUPPORT LEVEL
TREND: UP/3RD REVISED LOWER PREMIUM MARKET DEC16/JUL18 STOCKS DOWN
TARGETS: (PROJECTED) 326-333-341-356 COMMITMENTS-INCREASED
TRADING: CONSTANT/BUYING-TESTED/CLOSED ABOVE RESISTANCE AT TREND/341
SOYBEANS/SF17: 65 CENT DAILY LIMIT UPSIDE STRONG SUPPORT LEVEL
TREND: UP-3RD REVISED LOWER. PREMIUM MARKET JAN17/JUL17 STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030 COMMITMENTS-INCREASED
TRADING: DECELERATED/NET SELLING-ABOVE TREND
WHEAT/WZ16: 35 CENT DAILY LIMIT UPSIDE STRONG SUPPORT LEVEL
TREND: UP/1ST REVISED LOWER PREMIUM MARKET DEC16/DEC18 STOCKS-UP
TARGETS: (PROJECTED) 387-411-429-443 COMMITMENTS-CONSTANT
TRADING: DECELERATED/NET BUYING-MET RESISTANCE@TREND+PREVIOUS LOW
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. MEETING SUPPORT AT 7420/BOTTOM
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 COMMITMENTS INCREASED
TRADING: ACCELERATED/BUYING-UPSIDE TREND-TESTED/CLOSED ABOVE 7420/RESISTANCE
HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT FORMING BOTTOM AT 136
TREND: DOWN TARGETS: (PROJECTED) 152-150-145-136, COMMITMENTS INCREASED
TRADING: ACCELERATED/BUYING-UPSIDE TREND/SUPPORT-DOWNSIDE 144/RESISTANCE
Sunday, November 13, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 11/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, DAILY ACTIVITY: RELATIVE STRENGTH OF TREND, TARGETS
CORN/CZ16: 25 CENT DAILY LIMIT OPEN INTEREST/UP ON SHORT SELLING
TREND: UP/LESS-3RD REVISED PREMIUM MARKET 2016/JUL 18 STOCKS DOWN
TARGETS: (PROJECTED) 326-333-341-356-POSITIONS NO REPORT
TRADING: DECELERATING-SELLING-MET SUPPORT@TREND+TESTED SUPPORT@341
SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST/FLAT-HEDGE ACTIVITY
TREND: DOWN/LESS-1ST REVISED. PREMIUM MARKET 2016/JUL 17 STOCKS-DOWN
TARGETS: (PROJECTED) 1004-987-968-954-POSITIONS NO REPORT
TRADING: ACCELERATED-NET SELLING-TESTED TREND/RESISTANCE+987/SUPPORT
WHEAT/WZ16: 35 CENT DAILY LIMIT OPEN INTEREST/UP-BUYING
TREND: UP/MORE PREMIUM MARKET 2016/MAY 18 STOCKS-UP
TARGETS: (PROJECTED) 387-411-429-443-POSITIONS NO REPORT
TRADING: DECELERATED-NET SELLING-TREND/RESISTANCE+LOW/SUPPORT-BELOW/411
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. OPEN INTEREST/UP ON SHORT SELLING
TREND: DOWN/ORIGINAL TREND PREMIUM MARKET 2016/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420-POSITIONS NO REPORT
TRADING: DECELERATED-SELLING-BELOW TREND-TESTED 7420/SUPPORT
HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT BREAKOUT/DOWN
TREND: DOWN/MORE TARGETS: (PROJECTED) 152-150-145-136, POSITIONS: NO REPORT
TRADING: ACCELERATED-NET SELLING-TESTED TREND SUPPORT ABOVE 136/SUPPORT
Wednesday, November 09, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 09/2016
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/CLOSED BELOW TREND
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/JUL 18
TRADING: DOWN/ACCELERATION SELLING-MET SUPPORT/CLOSED ONSIDE 341
POSITIONS: ACCUMULATION-FREE WORLD STOCKS FLAT
SOYBEANS/SF17: 65 CENT DAILY LIMIT LOWER HIGH/CLOSED ABOVE TREND
TREND: UP/LESS, TARGETS: 975-998-1006-1016. PREMIUM MARKET 2016/JUL 17
TRADING: DOWN/ACCELERATION-NET SELLING-TESTED/CLOSED BELOW 988/SUPPORT
POSITIONS: NEUTRAL-FREE WORLD STOCKS UP
WHEAT/WZ16: 35 CENT DAILY LIMIT LOWER HIGH-TESTED/CLOSED ABOVE TREND
TREND: UP/MORE, TARGETS: 387-411-429-443 PREMIUM MARKET 2016/MAY 18
TRADING: DOWN/ACCELERATION-NET SELLING-CLOSED ONSIDE 411
POSITIONS: NEUTRAL-FREE WORLD STOCKS-FLAT/DOWN-
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. FLAT/CLOSED BELOW TREND
TREND: DOWN/NEW-TARGETS: 7628-7558-7503-7419 PREMIUM MARKET 2016/SEP 21
TRADING: FLAT/ACCELERATED-NET SELLING-TESTED 7419/SUPPORT
POSITIONS: NEUTRAL
HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT FLAT/MET TREND/RESISTANCE
TREND: UP/LESS TARGETS: 136-144-151-156-159, POSITIONS: LIQUIDATION
TRADING: FLAT/ACCELERATED-OFFSET BUYING-TESTED/CLOSED AT 144/RESISTANCE