Friday, December 23, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 23/2016 FRIDAY

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/FLAT, VOLUME/LOW
TREND CHANNEL: (DOWN/MODERATE), (DAILY), VERY NARROW, FUTURES PREMIUM MAR17/JUL18
TRADING: DOWN, MATCHED, FLAT AT CHANNEL TOP RESISTANCE, BELOW 351, DECELERATING,
TARGETS: UP, 325-(340-351)-360, COMMITMENTS: HEDGERS NET SHORT COVERING

SOYS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/DOWN, VOL/MODERATE
TREND CHANNEL: DOWN/MODERATE, WEEKLY, MODERATE RANGE, FUTURES PREMIUM JAN17/JUL17
TRADING: DOWN, NET SELLING, CLOSED BELOW SUPPORT@MID CHANNEL+ BELOW 1005, 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: (DOWN/MODERATE), (DAILY), NARROW, FUTURES PREMIUM  MAR17/MAY19
TRADING: DOWN, NET SELLING, MID CHANNEL, INSIDE 402/388, ACCELERATED   
TARGETS: DOWN 411-(402-388)-376, COMMITMENTS: HEDGER NET SHORT SELLING,

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  OPEN INTEREST/UP VOLUME LOW
TREND CHANNEL: DOWN, MONTHLY, WIDE RANGE, FUTURES  PREMIUM DEC16/SEP 21 
TRADING: DOWN, NET SELLING, BELOW MID CHANNEL+CLOSED BELOW 7416, ACCELERATING
TARGETS: DOWN, 7521-(7416-7378)-7332, COMMITMENTS: INVESTOR NET SHORT COVERING  

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