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 

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