Wednesday, November 02, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER2/2016
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN)
TRADING: SHORT TERM-DIRECTION-RELATIVE STRENGTH OF MOMENTUM
TARGETS: PROJECTED: MEASURED PRICE OBJECTIVES OF MOVE
CORN/CZ16: 25 CENT DAILY LIMIT MOVE/DOWN DAY 3 OF 6 PROJECTED
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/JUL 19
TRADING: DOWN/CONTRACTED-NET SELLING-TESTED SUPPORT AT 346/TREND
POSITIONS: MOMENTUM FLAT-FREE WORLD STOCKS FLAT
SOYBEANS/SF17: 65 CENT DAILY LIMIT MOVE/DOWN 4 OF 6 PROJECTED DAYS
TREND: UP/LESS, TARGETS: 975-1006-1030-1078. OPEN INTEREST/YEAR TO YEAR LOW
TRADING: DOWN/CONTRACTED-NET SELLING-ABOVE 975-BREAKOUT DOWNSIDE TREND
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS UP
WHEAT/WZ16: 35 CENT DAILY LIMIT MOVE/UP 3 OF 6 PROJECTED DAYS
TREND: UP/LESS, TARGETS: 387-411-429-443 PREMIUM MARKET 2016/MAY 18
TRADING: UP/EXPANDED-NET BUYING-UPSIDE 411/SUPPORT-TESTED TREND/RESISTANCE
POSITIONS: MOMENTUM ACCELERATED-FREE WORLD STOCKS-FLAT/DOWN
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. MOVE/DOWN 6 OF 6 PROJECTED DAYS
TREND: DOWN/NEW-TARGETS: 7628-7558-7503-7419 PREMIUM MARKET 2016/SEP 21
TRADING: FLAT-CONTRACTED-NET SELLING-BELOW 7503-DOWNSIDE TREND
POSITIONS: MOMENTUM ACCELERATED-
HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT MOVE/DOWN 4 OF 6 PROJECTED DAYS
TREND: UP/LESS TARGETS: 136-144-151-156-159, PREMIUM MARKET 2016/FEB 18
TRADING: DOWN/CONTRACTED-SELLING-TESTED 144/SUPPORT-ABOVE REVISED TREND
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment