Wednesday, November 30, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 30/2016
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 FIRST NOTICE DAY CZ16
TREND: UP PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 325-340-351-360 NET COMMITMENTS-LIQUIDATION
TRADING: TESTED/CLOSED BELOW RESISTANCE AT 351, BELOW TREND, OVERSOLD
SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST UP12346 CONTRACTS
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062 NET COMMITMENTS-ACCUMULATION
TRADING: TESTED/CLOSED BELOW SUPPORT AT BOTH 1038 AND TREND
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT FIRST NOTICE DAY WZ16
TREND: DOWN (NEW) PREMIUM MARKET MAR17/MAR19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376 NET COMMITMENTS-NET LIQUIDATION
TRADING: MODERATE RANGE, MET SUPPORT@402, TESTED/CLOSED BELOW NEW TREND
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. HIGHER LOW, FLAT CLOSE, SPIKED
TREND: DOWN PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7419 NET COMMITMENTS NET LIQUIDATION
TRADING: WIDE RANGE, TESTED/CLOSED BELOW RESISTANCE AT 7503, ABOVE TREND
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/MAR18
TREND: UP TARGETS: (PROJECTED) 151-156-164-177, NET COMMITMENTS: LIQUIDATION
TRADING: WIDE RANGE, TESTED/CLOSED ABOVE RESISTANCE AT BOTH 156 AND TREND
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