FARM COMMODITY SETTLEMENTS SEPTEMBER 29/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TRADING: SHORT TERM-RELATIVE STRENGTH OF MOMENTUM-DIRECTION
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE
CORN/CZ16: 25 CENT DAILY LIMIT MET RESISTANCE FOR 3RD DAY AT 333
TREND: UP/LESS, TARGETS 346-333-326-316-294, PREMIUM MARKET 2016/19
TRADING: FLAT-SELLING-ACCELERATION--NARROW RANGES/CLOSE TARGETS
POSITIONS: INDICATE MOMENTUM DECELERATING-FREE WORLD STOCKS DOWN
SOYBEANS/SX16: 65 CENT DAILY LIMIT BROKE/CLOSED BELOW RESISTANCE @ 954
TREND: DOWN, TARGETS: 987-968-954-943. PREMIUM MARKET 2016/17
TRADING: UP-NET SELLING-DECELERATION--NARROW RANGES/CLOSE TARGETS
POSITIONS: INDICATE MOMENTUM ACCELERATING-FREE WORLD STOCKS UP
WHEAT/W:Z16: 35 CENT DAILY LIMIT TESTED/CLOSED BELOW RESISTANCE AT 402
TREND: DOWN/LESS, TARGETS: 407-402-393-383 PREMIUM MARKET 2016/18
TRADING: UP-NET SELLING-ACCELERATION--NARROW RANGES/CLOSE TARGETS
POSITIONS: INDICATE MOMENTUM FLAT-FREE WORLD STOCKS-DOWN
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. MET RESISTANCE AT 7669
TREND: DOWN-TARGETS: 7669-7628-7558-7503 PREMIUM MARKET 2016/21
TRADING: UP NET SELLING-DECELERATION--UPSIDE TREND-CLOSED BELOW 7628
POSITIONS: INDICATE MOMENTUM DECELERATING-
HEATING OIL (ULSD)HOX/16 25 CENT DAILY LIMIT MAJOR GAP UP BROKE 151
TREND: UP/MORE TARGETS: 125-136-144-151, PREMIUM MARKET 2016/20
TRADING: UP/GAP-NET BUYING-ACCELERATION--CLOSED BELOW REVISED TREND
POSITIONS: INDICATE MOMENTUM FLAT