Monday, October 31, 2016
FARM COMMODITY SETTLEMENTS OCTOBER 31/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TRADING: SHORT TERM-DIRECTION-RELATIVE STRENGTH OF MOMENTUM
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE
CORN/CZ16: 25 CENT DAILY LIMIT MOVE/DAY 5 OF PROJECTED 6-TOPPY
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/JUL 19
TRADING: DOWN DOWNSIDE 356/RESISTANCE-EXPANDED-OFFSET SELLING-BELOW TREND
POSITIONS: MOMENTUM FLAT-FREE WORLD STOCKS FLAT
SOYBEANS/SF17: 65 CENT DAILY LIMIT MOVE/DAY 2 OF PROJECTED 6-DOWN
TREND: UP, TARGETS: 975-1006-1030-1078. PREMIUM MARKET 2016/AUG 17
TRADING: DOWN UPSIDE 1006/SUPPORT-CONTRACTING-MATCHED BELOW TREND
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS UP
WHEAT/WZ16: 35 CENT DAILY LIMIT MOVE/DAY 4 OF PROJECTED 6-TOPPY
TREND: UP/LESS, TARGETS: 387-411-429-443 PREMIUM MARKET 2016/DEC 18
TRADING: FLAT TESTING 411/SUPPORT-CONTRACTED-NET BUYING-ON TREND
POSITIONS: MOMENTUM ACCELERATED-FREE WORLD STOCKS-FLAT/DOWN
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. MOVE/DAY 4 OF PROJECTED 6
TREND: DOWN/NEW-TARGETS: 7628-7558-7503-7419 PREMIUM MARKET 2016/SEP 21
TRADING: FLAT TESTED MINOR TREND/SUPPORT-CONTRACTED-SELLING-BELOW MAJOR TREND
POSITIONS: MOMENTUM ACCELERATED-
HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT MOVE/DAY 2-LOWER HIGH
TREND: UP/LESS TARGETS: 136-144-151-156-159, PREMIUM MARKET 2016/FED 18
TRADING: DOWN TESTED 151/SUPPORT-EXPANDED-SELLING-TESTED TREND/SUPPORT
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