FARM COMMODITY SETTLEMENTS SEPTEMBER 6/2016 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 MOMENTUM-DIRECTION
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE
CORN/CZ16: 25 CENT DAILY LIMIT DAY OF REASSMENT-FLAT HIGHS-LOW VOLUME
TREND: DOWN/LESS, TARGETS 356-333-316-294. FUTURES FORWARD AT PREMIUM
TRADING: UP-OFFSET BUYING-DECELERATION-RESISTANCE BELOW 333 ABOVE TREND
NET COMMITMENTS INDICATE MORE MOMENTUM-FREE WORLD STOCKS UP+
SOYBEANS/SX16 65 CENT DAILY LIMIT FURTHER UP FROM 943 BOTTOM-LOW VOLUME
TREND: DOWN, TARGETS: 1018-1004-968-943. FUTURES FORWARD ARE FLAT/DOWN
TRADING: NET BUYING-ACCELERATION-FROM TREND SUPPORT BELOW968
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS UP
WHEAT/WZ16(NEW): 35 CENT DAILY LIMIT FURTHER UP FROM 393 LOW VOLUME LOW
TREND: DOWN/LESS, TARGETS: 417-402-393-383 FUTURES FORWARD AT PREMIUM
TRADING: UP-EVEN OFFSET-ACCELERATION-TREND + 402 RESISTANCE
NET COMMITMENTS INDICATE MORE MOMENTUM-FREE WORLD STOCKS-UP
TREND: DOWN, TARGETS: 1018-1004-968-943. FUTURES FORWARD ARE FLAT/DOWN
TRADING: NET BUYING-ACCELERATION-FROM TREND SUPPORT BELOW968
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS UP
WHEAT/WZ16(NEW): 35 CENT DAILY LIMIT FURTHER UP FROM 393 LOW VOLUME LOW
TREND: DOWN/LESS, TARGETS: 417-402-393-383 FUTURES FORWARD AT PREMIUM
TRADING: UP-EVEN OFFSET-ACCELERATION-TREND + 402 RESISTANCE
NET COMMITMENTS INDICATE MORE MOMENTUM-FREE WORLD STOCKS-UP
dollar cad/usd: CDU16 4.00 DAILY LIIMIT. FURTHER UP FROM BOTTOM-LOW SALES
TREND: UP/LESS, TARGETS: 7546-7694-7805-7891
TRADING: UP-NET BUYING-ACCELERATED-TREND SUPPORT 7805 RESISTANCE
TREND: UP/LESS, TARGETS: 7546-7694-7805-7891
TRADING: UP-NET BUYING-ACCELERATED-TREND SUPPORT 7805 RESISTANCE
NET COMMITMENTS INDICATE LESS MOMENTUM
HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT UP FROM 136 BOTTOM HIGH VOLUME
TREND: UP/LESS, TARGETS: 125-136-144-151, FUTURES FORWARD AT PREMIUM
TRADING: UP-OFFSET SELLING-ACCELERTION-TESTING 144 SUPPORT-DOWNSIDE TREND
NET COMMITMENTS INDICATE FLAT MOMENTUM
HEATING OIL (ULSD)HOU16 25 CENT DAILY LIMIT UP FROM 136 BOTTOM HIGH VOLUME
TREND: UP/LESS, TARGETS: 125-136-144-151, FUTURES FORWARD AT PREMIUM
TRADING: UP-OFFSET SELLING-ACCELERTION-TESTING 144 SUPPORT-DOWNSIDE TREND
NET COMMITMENTS INDICATE FLAT MOMENTUM
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