FARM COMMODITY SETTLEMENTS SEPTEMBER 21/2016 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 MOMENTUM-DIRECTION
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE
CORN/CZ16: 25 CENT DAILY LIMIT LOW SALES + FLAT OPEN INTEREST = FLAT MOMENTUM
TREND: UP, TARGETS 346-333-326-316-294, FUTURES FORWARD AT PREMIUM 2016/19
TRADING: FLAT-NET BUYING DECELERATION--AT DOUBLE STRENGTH RESISTANCE
NET COMMITMENTS INDICATE DECREASED MOMENTUM-FREE WORLD STOCKS DOWN
SOYBEANS/SX16: 65 CENT DAILY LIMIT LOW SALES + MORE OPEN INTEREST = REVERSAL
TREND: DOWN, TARGETS: 1004-987-968-943. FUTURES FORWARD ARE AT PREMIUM 2016/17
TRADING: FLAT-NET SELLING-DECELERATION--RESISTANCE @ PREVIOUS HIGH ABOVE TREND
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS UP
WHEAT/WZ16: 35 CENT DAILY LIMIT LOW SALES + FLAT OPEN INTEREST = FLAT MOMENTUM
TREND: DOWN/LESS, TARGETS: 417-402-393-383 FUTURES FORWARD AT PREMIUM 2016/18
TRADING: FLAT-NET BUYING-DECELERATION--ABOVE MAJOR TREND + 2ND CLOSE ABOVE 402
NET COMMITMENTS INDICATE LESS MOMENTUM-FREE WORLD STOCKS-DOWN
dollar cad/usd: CDZ/16 4.00 DAILY LIIMIT. HI SALES+LESS O/I=WEAK MOMENTUM TREND: FLAT, TARGETS: 7546-7694-7805-7891 FUTURES FORWARD PREMIUM 2016/21
TRADING: UP NET BUYING-ACCELERATION--HIGHER LOW ABOVE TRRND BELOW 7694
NET COMMITMENTS INDICATE LESS MOMENTUM FORWARD PREMIUMS-NOMINAL
HEATING OIL (ULSD)HOX/16 25 CENT DAILY LIMIT HIGH SALES + MORE O/I = MORE MOMENTUM
TREND: UP/LESS, TARGETS: 125-136-144-151, FUTURES FORWARD AT PREMIUM 2016/20
TRADING: UP-NET BUYING-ACCELERATION--ABOVE TREND TESTED 144 RESISTANCE
NET COMMITMENTS INDICATE LESS MOMENTUM
TRADING: UP NET BUYING-ACCELERATION--HIGHER LOW ABOVE TRRND BELOW 7694
NET COMMITMENTS INDICATE LESS MOMENTUM FORWARD PREMIUMS-NOMINAL
HEATING OIL (ULSD)HOX/16 25 CENT DAILY LIMIT HIGH SALES + MORE O/I = MORE MOMENTUM
TREND: UP/LESS, TARGETS: 125-136-144-151, FUTURES FORWARD AT PREMIUM 2016/20
TRADING: UP-NET BUYING-ACCELERATION--ABOVE TREND TESTED 144 RESISTANCE
NET COMMITMENTS INDICATE LESS MOMENTUM
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