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

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