Thursday, December 29, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 29/2016 THURSDAY

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: NET BUYING BELOW BOTTOM, DOWNSIDE RESISTANCE @ 351, FLAT LOW, 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 SUPPORT @ BOTTOM, TESTED RESISTANCE @ 1022, HIGHER LOW 
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/(MAY)19
TRADING: NET BUYING ABOVE BOTTOM, INSIDE 387-411, HIGHER LOW    
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, MET RESISTANCE/CLOSED @ MID CHANNEL + 7416, HIGHER LOW
TARGETS: DOWN, 7448-(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: SELLING, RESISTANCE@177, ABOVE TOP
TARGETS: UP, 151-164-(169-177), COMMITMENTS: INVESTOR NET SHORT SELLING, OVERBOUGHT
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