FARM COMMODITY SETTLEMENTS AUGUST 31/2016 WEDNESDAY
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 OPEN INTEREST TRENDLINE DOWN
TREND: FLAT, TARGETS 356-333-316-294. COMMITMENTS-OFFSET MOMENTUM
TRADING RANGE: FLAT-CONTRACTION-OFFSET SELLING-BELOW TREND-SUPPORT @ 316
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS UP+VOLUME MODERATE
SOYBEANS/SX16 65 CENT DAILY LIMIT OPEN INTEREST TRENDLINE DOWNTREND: DOWN, TARGETS: 1018-1004-968-943. COMMITMENTS-GAINING MOMENTUM
TRADING RANGE: DOWN-CONTRACTION-OFFSET SELLING-BELOW TREND-SUPPORT @ 943
FUTURES FORWARD AT DISCOUNT-FREE WORLD STOCKS UP+VOLUME-LOW
WHEAT/WZ16(NEW): 35 CENT DAILY LIMIT OPEN INTEREST TRENDLINE DOWNTREND: DOWN/MORE, TARGETS: 467-439-417-383 COMMITMENTS-OFFSET MOMENTUM
TRADING RANGE:DOWN-CONTRACTION-NET SELLING-BELOW TRENDLINE ABOVE 383
FUTURES FORWARD AT PREMIUM-FREE WORLD STOCKS-UP+VOLUME-MODERATE
dollar cad/usd: CDU16 4.00 DAILY LIIMIT. OPEN INTEREST TRENDLINE DOWN
TREND: UP/LESS, TARGETS: 7546-7694-7805-7891 COMMITMENTS GAINING MOMENTUM
TRADING RANGE: DOWN-CONTRACTION-NET SELLING-BROKE TREND TO MID 7694-7546
3RD DAY OF SINGLE DOWNSWING-VOLUME-MODERATE
HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT COMPLETED ROUNDED TOP
TREND: UP/LESS, TARGETS: 144-151-164-177, COMMITMENTS GAINING MOMENTUM
TRADING RANGE: DOWN-EXPANSION-SELLING-BELOW TREND-BELOW 136 SUPPORT
FUTURES FORWARD AT PREMIUM+VOLUME-MODERATE
TREND: UP/LESS, TARGETS: 7546-7694-7805-7891 COMMITMENTS GAINING MOMENTUM
TRADING RANGE: DOWN-CONTRACTION-NET SELLING-BROKE TREND TO MID 7694-7546
3RD DAY OF SINGLE DOWNSWING-VOLUME-MODERATE
HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT COMPLETED ROUNDED TOP
TREND: UP/LESS, TARGETS: 144-151-164-177, COMMITMENTS GAINING MOMENTUM
TRADING RANGE: DOWN-EXPANSION-SELLING-BELOW TREND-BELOW 136 SUPPORT
FUTURES FORWARD AT PREMIUM+VOLUME-MODERATE
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