Saturday, December 03, 2016

FARM COMMODITY SETTLEMENTS DECEMBER 2/2016 

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: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT    PAUSE, HIGHER LOW
TREND: UP/LESS  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  325-340-351-360  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: FLAT, NARROW RANGE, NET BUYERS, DOWNSIDE TREND, BELOW 351

SOYBEANS/SF17: 65 CENT DAILY LIMIT     STRUGGLING TO MAINTAIN TREND  
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062  NET COMMITMENTS: HEDGER SHORT SELLING
TRADING: UP, WIDE RANGE, NET SELLERS, TREND AS RESISTANCE, CLOSED BELOW 1030

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT       POSSIBLE BOTTOM   
TREND: DOWN (NEW)  PREMIUM MARKET MAR17/MAY19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, MID RANGE, BUYERS, DOWNSIDE TREND, CLOSED ABOVE 402

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  CORRECTION DUE MOVING TOO FAST,
TREND: UP{NEW)   PREMIUM MARKET DEC16/SEP 21 TIME FOR YEAR END REPATRIATION SELLING
TARGETS: (PROJECTED) 7360-7464-7542-7602,  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, NARROW RANGE, BUYERS, BELOW TREND, MET RESISTANCE AT 7542 , 

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/FEB18
TREND: UP  TARGETS: 151-156-164-177,  NET COMMITMENTS: HEDGER SHORT COVERING 
TRADING: FLAT, NARROW RANGE, BUYERS, BELOW TREND, CLOSED ABOVE 164, 

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