Monday, November 07, 2016


FARM COMMODITY SETTLEMENTS N0VEMBER 07/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING 
TREND: MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TRADING: SHORT TERM-DIRECTION-RELATIVE STRENGTH OF MOMENTUM 
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE 

CORN/CZ16: 25 CENT DAILY LIMIT                            FLAT LOWS             
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/JUL 18
TRADING: FLAT/REPEATING-NET SELLING-TESTED 346/SUPPORT-BELOW TREND
POSITIONS: ACCUMULATION-FREE WORLD STOCKS FLAT

SOYBEANS/SF17: 65 CENT DAILY LIMIT                     HIGHER LOWS                  
TREND: UP/LESS, TARGETS: 975-998-1006-1016. PREMIUMS 2016/JUL 17
TRADING: UP/REPEATING-BUYING-TESTED 988/RESISTANCE-ABOVE TREND 
POSITIONS: NEUTRAL-FREE WORLD STOCKS UP-LOW SALES

WHEAT/WZ16: 35 CENT DAILY LIMIT                         LOWER HIGH                
TREND: UP/LESS, TARGETS: 387-411-429-443  PREMIUM MARKET 2016/MAY 18
TRADING: DOWN/ACCELERATED-NET SELLING-TESTED 411/SUPPORT-@REVISED TREND
POSITIONS: NEUTRAL-FREE WORLD STOCKS-FLAT/DOWN-

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.           HIGHER LOW 
TREND: DOWN/NEW-TARGETS: 7628-7558-7503-7419   PREMIUM MARKET 2016/SEP 21
TRADING: UP/REPEATING-OFFSET BUYING-MET 7503/RESISTANCE-ONSIDE TREND
POSITIONS: NEUTRAL

HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT     FLAT LOW 
TREND: UP/LESS TARGETS: 136-144-151-156-159,  POSITIONS: LIQUIDATION
TRADING: FLAT/DECELERATED-OFFSET BUYING-TESTED 144,SUPPORT-ONSIDE TREND 
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