FARM COMMODITY SETTLEMENTS AUGUST 26/2016 FRIDAY
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 TESTED/CLOSED BELOW TREND-LINE AND 340
TREND: FLAT, TARGETS 356-346-340-333-294. COMMITMENTS-OFFSET MOMENTUM
TRADING RANGE: DOWN-EXPANDED-SELLING-FROM 3RD LOWER HIGH FOR MOVE
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS UP+VOLUME MODERATE
SOYBEANS/SX16 65 CENT DAILY LIMIT TESTED/CLOSED BELOW TREND-LINE AND 968
TREND: DOWN/LESS, TARGETS: 1018-1004-968-943. COMMITMENTS-GAINING MOMENTUM
TRADING RANGE: DOWN-CONTRACTED-NET SELLING-FOM 5TH LOWER HIGH FOR MOVE
FUTURES FORWARD AT DISCOUNT-FREE WORLD STOCKS UP+VOLUME-MODERATE
FUTURES FORWARD AT DISCOUNT-FREE WORLD STOCKS UP+VOLUME-MODERATE
WHEAT/WZ16(NEW): 35 CENT DAILY LIMIT TESTED/CLOSED BELOW TREND AND 417
TREND: DOWN/MORE, TARGETS: 455-448-439-417 COMMITMENTS-OFFSET MOMENTUM
TRADING RANGE:DOWN-EXPANDING-SELLING-FROM 5TH LOWER HIGH FOR MLOVE
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP+VOLUME-MODERATE
TREND: DOWN/MORE, TARGETS: 455-448-439-417 COMMITMENTS-OFFSET MOMENTUM
TRADING RANGE:DOWN-EXPANDING-SELLING-FROM 5TH LOWER HIGH FOR MLOVE
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP+VOLUME-MODERATE
dollar cad/usd: CDU16 4.00 DAILY LIIMIT. TESTED/CLOSED BELOW TREND AND 7694
TREND: UP/LESS, TARGETS: 7805-7891-8064-8237, COMMITMENTS GAINING MOMENTUM
TRADING RANGE: FLAT-EXPANDING-NET SELLING-LOWER CLOSE
3RD DAY OF SINGLE DOWNSWING-VOLUME-MODERATE
HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT TESTED/CLOSED ON TREND AS RESISTANCE
TREND: UP/LESS, TARGETS: 144-151-164-177, COMMITMENTS GAINING MOMENTUM
TRADING RANGE: FLAT-EXPANDING-OFFSET SELLING-HIGHER LOW LOWER CLOSE
FUTURES FORWARD AT PREMIUM+VOLUME-MODERATE
TREND: UP/LESS, TARGETS: 7805-7891-8064-8237, COMMITMENTS GAINING MOMENTUM
TRADING RANGE: FLAT-EXPANDING-NET SELLING-LOWER CLOSE
3RD DAY OF SINGLE DOWNSWING-VOLUME-MODERATE
HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT TESTED/CLOSED ON TREND AS RESISTANCE
TREND: UP/LESS, TARGETS: 144-151-164-177, COMMITMENTS GAINING MOMENTUM
TRADING RANGE: FLAT-EXPANDING-OFFSET SELLING-HIGHER LOW LOWER CLOSE
FUTURES FORWARD AT PREMIUM+VOLUME-MODERATE
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