Wednesday, November 09, 2016


FARM COMMODITY SETTLEMENTS N0VEMBER 09/2016 

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    LOWER HIGH/CLOSED BELOW TREND                                   
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/JUL 18
TRADING: DOWN/ACCELERATION SELLING-MET SUPPORT/CLOSED ONSIDE 341
POSITIONS: ACCUMULATION-FREE WORLD STOCKS FLAT

SOYBEANS/SF17: 65 CENT DAILY LIMIT         LOWER HIGH/CLOSED ABOVE TREND                  
TREND: UP/LESS, TARGETS: 975-998-1006-1016. PREMIUM MARKET 2016/JUL 17
TRADING: DOWN/ACCELERATION-NET SELLING-TESTED/CLOSED BELOW 988/SUPPORT 
POSITIONS: NEUTRAL-FREE WORLD STOCKS UP

WHEAT/WZ16: 35 CENT DAILY LIMIT       LOWER HIGH-TESTED/CLOSED ABOVE TREND                           
TREND: UP/MORE, TARGETS: 387-411-429-443  PREMIUM MARKET 2016/MAY 18
TRADING: DOWN/ACCELERATION-NET SELLING-CLOSED ONSIDE 411
POSITIONS: NEUTRAL-FREE WORLD STOCKS-FLAT/DOWN-

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.   FLAT/CLOSED BELOW TREND          
TREND: DOWN/NEW-TARGETS: 7628-7558-7503-7419   PREMIUM MARKET 2016/SEP 21
TRADING: FLAT/ACCELERATED-NET SELLING-TESTED 7419/SUPPORT
POSITIONS: NEUTRAL

HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT    FLAT/MET TREND/RESISTANCE  
TREND: UP/LESS TARGETS: 136-144-151-156-159,  POSITIONS: LIQUIDATION
TRADING: FLAT/ACCELERATED-OFFSET BUYING-TESTED/CLOSED AT 144/RESISTANCE 

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