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 975-OVERBOUGHT

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 
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