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 975/SUPPORT

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 

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