Friday, December 30, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 30/2016 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/(UP), LOW VOLUME
TREND CHANNEL: UP/GRADUAL, MONTHLY, NARROW, FUTURES PREMIUM MAR17/JUL18
TRADING: NET BUYING BELOW BOTTOM, TESTED/CLOSED ABOVE RESISTANCE @ 351, HIGHER LOWS,
TARGETS: UP, 325-340-(351)-360, COMMITMENTS: (INVESTOR NET SELLING SHORT)

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, SUPPORT TESTED @ BOTTOM, MET @ 1005, LOWER HIGH, LOWER CLOSE 
TARGETS: DOWN, 1022-(1005)-990-965, COMMITMENTS: INVESTOR NET SELLING LONG 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP, OPEN INTEREST/(FLAT), LOW VOLUME
TREND CHANNEL: UP/GRADUAL, MONTHLY, NARROW, FUTURES PREMIUM  MAR17/MAY19
TRADING: NET BUYING ABOVE BOTTOM, BELOW 411, HIGHER LOW, HIGHER CLOSE    
TARGETS: DOWN, 387-(411)-429-443 COMMITMENTS: HEDGER NET SELLING SHORT,

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, RESISTANCE TESTED MID CHANNEL + 7448, HIGHER LOW, HIGHER CLOSE
TARGETS: DOWN, 7476-(7448)-7416-7378, COMMITMENTS: (HEDGER NET SELLING LONG)  

HEATING OIL (ULSD)(HOG/17), 25 CENT DAILY LIMIT,  OPEN INTEREST/FLAT, VOLUME/MODERATE 
TREND CHANNEL: UP,/GRADUAL MONTHLY, WIDE, FUTURES PREMIUM JAN17/FEB18

TRADING: NET BUYING, SUPPORT@TOP, CLOSED UP ABOVE TOP, FLAT HIGHS, HIGHER CLOSE
TARGETS: UP, 151-164-(169)-177, COMMITMENTS: (HEDGER NET SELLING SHORT), 
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