Wednesday, November 23, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 23/2016
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 PAUSE IN MOVE
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 351-360-377-395 NET COMMITMENTS-DECREASED
TRADING: CONSTANT FLAT/OFFSET BUYING-ABOVE TREND MET 360/RESISTANCE
SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST CONTINUES UP SHARPLY FROM LOW
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030 NET COMMITMENTS-DECREASED
TRADING: CONSTANT UP/NET BUYING-TESTED/CLOSED ABOVE TREND/1030/PREVIOUS HIGH
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT LOOKS TOPPY/LOWER HIGH
TREND: UP PREMIUM MARKET MAR17/MAR19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 409-425-437-446 NET COMMITMENTS-CONSTANT
TRADING: ACCELERATED DOWN/NET SELLING-TESTED/CLOSED BELOW TREND+425/SUPPORT
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. OPEN INTEREST CONTINUES DOWN
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420 NET COMMITMENTS DECREASED
TRADING: ACCELERATED DOWN/OFFSET BUYING-TESTED/CLOSED ABOVE TREND+7420/SUPPORT
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 144-151-156-164, NET COMMITMENTS DECREASED
TRADING: DECELERATED DOWN/NET SELLING-ABOVE TREND MET 156/RESISTANCE-OVERBOUGHT
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