Monday, November 21, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 21/2016
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/CH17(NEW): 25 CENT DAILY LIMIT BROKE OUT UP OUT OF CONVERGENCE
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 351-360-377-395 NET COMMITMENTS-DECREASED
TRADING: CONSTANT UP/ BUYING-UPSIDE TREND SUPPORT-BELOW 360 RESISTANCE
SOYBEANS/SF17: 65 CENT DAILY LIMIT TESTED/CLOSED UP ABOVE CONVERGENCE
TREND: UP/MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030 NET COMMITMENTS-DECREASED
TRADING: ACCELERATED UP/BUYING-TESTED TREND MET RESISTANCE@LAST HIGHS
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT OPEN INTEREST AT YEAR TO YEAR HIGH
TREND: UP PREMIUM MARKET MAR17/DEC19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) (NEW) 409-425-437-446 NET COMMITMENTS-CONSTANT
TRADING: DECELERATED UP/OFFSET BUYING-TESTED/CLOSED ABOVE TREND/425 RESISTANCE
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. FLAT CLOSE/NO BREAKOUT BELOW 7420
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS DECREASED
TRADING: ACCELERATED UP/NET BUYING-TESTED/CLOSED ABOVE TREND/7420 RESISTANCE
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 152-150-145-136, NET COMMITMENTS DECREASED
TRADING: ACCELERATED UP/BUYING-UPSIDE TREND BELOW 156/RESISTANCE
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