FARM COMMODITY SETTLEMENTS N0VEMBER 15/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING
TRADING: MOMENTUM, DAILY ACTIVITY: RELATIVE STRENGTH OF TREND, TARGETS
CORN/CZ16: 25 CENT DAILY LIMIT ONSIDE STRONG SUPPORT LEVEL
TREND: UP/3RD REVISED LOWER PREMIUM MARKET DEC16/JUL18 STOCKS DOWN
TARGETS: (PROJECTED) 326-333-341-356 COMMITMENTS-INCREASED
TRADING: CONSTANT/BUYING-TESTED/CLOSED ABOVE RESISTANCE AT TREND/341
SOYBEANS/SF17: 65 CENT DAILY LIMIT UPSIDE STRONG SUPPORT LEVEL
TREND: UP-3RD REVISED LOWER. PREMIUM MARKET JAN17/JUL17 STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030 COMMITMENTS-INCREASED
TRADING: DECELERATED/NET SELLING-ABOVE TREND
WHEAT/WZ16: 35 CENT DAILY LIMIT UPSIDE STRONG SUPPORT LEVEL
TREND: UP/1ST REVISED LOWER PREMIUM MARKET DEC16/DEC18 STOCKS-UP
TARGETS: (PROJECTED) 387-411-429-443 COMMITMENTS-CONSTANT
TRADING: DECELERATED/NET BUYING-MET RESISTANCE@TREND+PREVIOUS LOW
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. MEETING SUPPORT AT 7420/BOTTOM
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 COMMITMENTS INCREASED
TRADING: ACCELERATED/BUYING-UPSIDE TREND-TESTED/CLOSED ABOVE 7420/RESISTANCE
HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT FORMING BOTTOM AT 136
TREND: DOWN TARGETS: (PROJECTED) 152-150-145-136, COMMITMENTS INCREASED
TRADING: ACCELERATED/BUYING-UPSIDE TREND/SUPPORT-DOWNSIDE 144/RESISTANCE
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