Wednesday, December 21, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 21/2016 WEDNESDAY

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: MOVEMENT, RELATIVE STRENGTH OF CHANNEL/TARGET, MOMENTUM (LENGTH OF RANGE),  

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/UP, VOLUME/LOW
TREND CHANNEL: UP/GRADUAL, MONTHLY, NARROW RANGE, FUTURES PREMIUM MAR17/JUL18
TRADING: DOWN-(DAY 6 TYPICAL MOVE) LOWER CLOSE BELOW CHANNEL BOTTOM/351, DECELERATING,
TARGETS: UP, 325-340-351-360, COMMITMENTS: INVESTOR ACCUMULATION BOTH SIDES

SOYS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/DOWN VOLUME/LOW
TREND CHANNEL:  UP/MEDIATE, MONTHLY, WIDE RANGE, FUTURES PREMIUM JAN17/JUL17
TRADING: DOWN, NET SELLING, CLOSED BELOW RESISTANCE@CHANNEL BOTTOM/1022, DECELERATED 
TARGETS: DOWN, 1022-1005-990-965, COMMITMENTS: INVESTOR NET LIQUIDATION LONG 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/UP, VOLUME/LOW
TREND CHANNEL: UP/GRADUAL, MONTHLY, WIDE RANGE, FUTURES PREMIUM  MAR17/MAY19
TRADING: DOWN, NET SELLING, UPSIDE CHANNEL BOTTOM, CLOSED BELOW 402, DECELERATED   
TARGETS: DOWN 411-402-388-376, COMMITMENTS: HEDGER NET SHORT SELLING,

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  OPEN INTEREST/DOWN, VOLUME LOW
TREND CHANNEL: DOWN, MONTHLY, WIDE RANGE, FUTURES  PREMIUM DEC16/SEP 21 
TRADING: DOWN, NET SELLING, ABOVE MID CHANNEL, TESTED/CLOSED @SUPPORT@7464, STEADY
TARGETS: UP, 7360-7464-7502-7602-7724, COMMITMENTS: INVESTOR NET SHORT SELLING  

HEATING OIL (ULSD)HOG/17, 25 CENT DAILY LIMIT  FUTURES PREMIUM JAN17/FEB18, 
TREND CHANNEL: UP, MONTHLY, WIDE, TRADING: NET SELLING, RESISTANCE@CHANNEL TOP+169
TARGETS: UP, 151-164-169-177, COMMITMENTS: HEDGER NET SHORT SELLING, ACCELERATED
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