FARM COMMODITY SETTLEMENTS AUGUST 23/2016 TUESDAY
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY- LINE JOINING HIGHER LOWS (UPWARD), LOWER HIGHS (DOWNWARD)
TRADING: SHORT TERM-RELATIVE STRENGTH OF HIGH/LOW PRICE RANGE(S)-DIRECTION
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE
CORN/CZ16: 25 CENT DAILY LIMIT ABOVE TREND-LINE TESTED/CLOSED BELOW 340
TREND: FLAT, TARGETS 356-346-340-333. COMMITMENTS-LOSING MOMENTUM
TRADING RANGE: DOWN-EXPANDED-NET SELLING-LOWER HIGH LOWER CLOSE
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS UP+VOLUME MODERATE
SOYBEANS/SX16 65 CENT DAILY LIMIT ALONG TREND-LINE DOWNSIDE 0F 1018
TREND: DOWN/LESS, TARGETS: 1030-1018-1004-968. COMMITMENTS-LOST MOMENTUM
TRADING RANGE: FLAT-CONTRACTED-NET SELLING-BOTTOM HEAD/SHOULDERS INCOMPLETE
FUTURES FORWARD AT DISCOUNT-FREE WORLD STOCKS UP+VOLUME-LOW
FUTURES FORWARD AT DISCOUNT-FREE WORLD STOCKS UP+VOLUME-LOW
WHEAT/WZ16(NEW): 35 CENT DAILY LIMIT BELOW TREND-LINE BELOW 439
TREND: DOWN/LESS, TARGETS: 455-448-439-417 COMMITMENTS-LOSING MOMENTUM
TRADING RANGE:DOWN-CONTRACTING-SELLING-LOWER HIGH LOWER CLOSE
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP+VOLUME-MODERATE
TREND: DOWN/LESS, TARGETS: 455-448-439-417 COMMITMENTS-LOSING MOMENTUM
TRADING RANGE:DOWN-CONTRACTING-SELLING-LOWER HIGH LOWER CLOSE
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP+VOLUME-MODERATE
dollar cad/usd: CDU16 4.00 DAILY LIIMIT. ALONG TREND-LINE BELOW 7805
TREND: UP/LESS, TARGETS: 7805-7891-8064-8237, COMMITMENTS LOSING MOMENTUM
TRADING RANGE: DOWN-CONTRACTED-NET BUYING-HIGHER LOW HIGHER CLOSE
3RD DAY OF SINGLE DOWNSWING-VOLUME-LOW
HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT ALONG TREND-LINE 151 AS RESISTANCE
TREND: UP/LESS, TARGETS: 144-151-164-177, COMMITMENTS GAINING MOMENTUM
TRADING RANGE: FLAT-EXPANDED-NET BUYING-LOWER LOW HIGHER CLOSE
FUTURES FORWARD AT PREMIUM+VOLUME-MODERATE
TREND: UP/LESS, TARGETS: 7805-7891-8064-8237, COMMITMENTS LOSING MOMENTUM
TRADING RANGE: DOWN-CONTRACTED-NET BUYING-HIGHER LOW HIGHER CLOSE
3RD DAY OF SINGLE DOWNSWING-VOLUME-LOW
HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT ALONG TREND-LINE 151 AS RESISTANCE
TREND: UP/LESS, TARGETS: 144-151-164-177, COMMITMENTS GAINING MOMENTUM
TRADING RANGE: FLAT-EXPANDED-NET BUYING-LOWER LOW HIGHER CLOSE
FUTURES FORWARD AT PREMIUM+VOLUME-MODERATE
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