FARM COMMODITY SETTLEMENTS N0VEMBER 16/2016
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, MOVEMENT, 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 NET COMMITMENTS-INCREASED
TRADING: DECELERATED UP/NET SELLING-MET TREND/SUPPORT-341/RESISTANCE
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 NET COMMITMENTS-INCREASED
TRADING: CONSTANT UP/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 NET COMMITMENTS-CONSTANT
TRADING: DECELERATED FLAT/NET SELLING-BELOW TREND/411-OVERSOLD
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. CONTINUED SUPPORT AT 7420/BOTTOM
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS INCREASED
TRADING: DECELERATED UP/NET BUYING-TREND/RESISTANCE-7420/SUPPORT
HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT TREND: DOWN/3RD REVISED LOWER
TARGETS: (PROJECTED) 152-150-145-136, NET COMMITMENTS INCREASED
TRADING: DECELERATED UP/NET SELLING-BELOW TREND-TESTED/CLOSED BELOW 144
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