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 

No comments:

Google+