Monday, December 05, 2016


FARM COMMODITY SETTLEMENTS DECEMBER 5/2016 

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  GOOD RECOVERY, CLOSED ABOVE REVISED TREND
TREND: UP/MORE  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-367-377  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, WIDE, BUYERS, CLOSED BELOW RESISTANCE AT 360

SOYBEANS/SF17: 65 CENT DAILY LIMIT     TESTED TREND AS RESISTANCE  
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, NET BUYERS, CLOSED BELOW BOTH TREND AND 1049

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT       TESTED-CLOSED ABOVE TREND   
TREND: DOWN (NEW)  PREMIUM MARKET MAR17/MAY19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, NARROW, BUYERS, MET RESISTANCE BELOW 411

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  RANGE DOWNSIDE TREND
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: FLAT, WIDE, NET BUYERS, 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, MATCHED, MET RESISTANCE/CLOSED@TREND ABOVE 164 
Post a Comment
Google+