Thursday, November 03, 2016
FARM COMMODITY SETTLEMENTS N0VEMBER 03/2016
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 4 OF 6 PROJECTED
TREND: UP/LESS, TARGETS 326-333-346-356, PREMIUM MARKET 2016/JUL 19
TRADING: FLAT/CONTRACTED-NET BUYING-ABOVE 346/SUPPORT-DOWNSIDE TREND
POSITIONS: MOMENTUM FLAT-FREE WORLD STOCKS FLAT-LOW SALES
SOYBEANS/SF17: 65 CENT DAILY LIMIT MOVE/DOWN DAY 5 OF 6 PROJECTED
TREND: UP/LESS, TARGETS: 975-998-1006-1016. OPEN INTEREST/YEAR TO YEAR LOW
TRADING: FLAT/CONTRACTED-NET BUYING-BELOW 998 + TREND/RESISTANCE
POSITIONS: MOMENTUM DECELERATED-FREE WORLD STOCKS UP-LOW SALES
WHEAT/WZ16: 35 CENT DAILY LIMIT MOVE/DOWN-DAY 1 OF DOWNSWING
TREND: UP/LESS, TARGETS: 387-411-429-443 PREMIUM MARKET 2016/MAY 18
TRADING: DOWN/EXPANDED-NET SELLING-MET 411/SUPPORT-TESTED TREND/SUPPORT
POSITIONS: MOMENTUM ACCELERATED-FREE WORLD STOCKS-FLAT/DOWN-
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. MOVE/UP-DAY 6 OF 6 PROJECTED
TREND: DOWN/NEW-TARGETS: 7628-7558-7503-7419 PREMIUM MARKET 2016/SEP 21
TRADING: UP/CONTRACTING-NET SELLING-BELOW 7503-TESTED TREND/RESISTANCE
POSITIONS: MOMENTUM ACCELERATED-
HEATING OIL (ULSD)HOZ/16 25 CENT DAILY LIMIT MOVE/DOWN DAY 5 OF 6 PROJECTED
TREND: UP/LESS TARGETS: 136-144-151-156-159, SEPT/16 GAP FILLED
TRADING: DOWN/CONTRACTED-NET SELLING-MET 144/SUPPORT-UPSIDE TREND
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