Wednesday, December 28, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 28/2016 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/FLAT, LOW VOLUME
TREND CHANNEL: (UP/GRADUAL), (MONTHLY), NARROW, FUTURES PREMIUM MAR17/JUL18
TRADING: SELLING DOWNSIDE CHANNEL BOTTOM, CLOSED BELOW 351, OVERSOLD
TARGETS: UP, 325-(340-351)-360, COMMITMENTS: HEDGERS NET SHORT COVERING

SOYS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/DOWN, LOW VOLUME
TREND CHANNEL: DOWN/MODERATE, WEEKLY, MODERATE RANGE, FUTURES PREMIUM JAN17/JUL17
TRADING: NET SELLING UPSIDE CHANNEL BOTTOM AS SUPPORT, CLOSED BELOW 1022 
TARGETS: DOWN, 1065-(1022)-1005-990, COMMITMENTS: INVESTOR NET LIQUIDATION LONG 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/DOWN, LOW VOLUME
TREND CHANNEL: UP/GRADUAL, MONTHLY, NARROW, FUTURES PREMIUM  MAR17/JUL/(19)
TRADING: SELLING UPSIDE CHANNEL BOTTOM AS SUPPORT + CLOSED MID 387-411    
TARGETS: DOWN, (387-411)-429-443 COMMITMENTS: HEDGER NET SHORT SELLING,

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  OPEN INTEREST/UP-LESS, LOW VOLUME
TREND CHANNEL: DOWN, MONTHLY, WIDE RANGE, FUTURES  PREMIUM DEC16/(DEC) 21 
TRADING: NET BUYING IN LOWER CHANNEL, TESTED RESISTANCE AT + CLOSED ABOVE 7378
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: OFFSET SELLING, ABOVE CHANNEL TOP
TARGETS: UP, 151-164-(169-177), COMMITMENTS: INVESTOR NET SHORT SELLING, OVERBOUGHT
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