FARM COMMODITY SETTLEMENTS DECEMBER 2/2016
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, HIGHER LOW
TREND: UP/LESS PREMIUM MARKET MAR17/JUL18 NET WORLD STOCKS DOWN
TARGETS: (PROJECTED) 325-340-351-360 NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: FLAT, NARROW RANGE, NET BUYERS, DOWNSIDE TREND, BELOW 351
SOYBEANS/SF17: 65 CENT DAILY LIMIT STRUGGLING TO MAINTAIN TREND
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062 NET COMMITMENTS: HEDGER SHORT SELLING
TRADING: UP, WIDE RANGE, NET SELLERS, TREND AS RESISTANCE, CLOSED BELOW 1030
WHEAT/WH17(NEW): 35 CENT DAILY LIMIT POSSIBLE BOTTOM
TREND: DOWN (NEW) PREMIUM MARKET MAR17/MAY19 NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376 NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, MID RANGE, BUYERS, DOWNSIDE TREND, CLOSED ABOVE 402
DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. CORRECTION DUE MOVING TOO FAST,
TREND: UP{NEW) PREMIUM MARKET DEC16/SEP 21 TIME FOR YEAR END REPATRIATION SELLING
TARGETS: (PROJECTED) 7360-7464-7542-7602, NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, NARROW RANGE, BUYERS, BELOW TREND, MET RESISTANCE AT 7542 ,
HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT PREMIUM MARKET JAN17/FEB18
TREND: UP TARGETS: 151-156-164-177, NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: FLAT, NARROW RANGE, BUYERS, BELOW TREND, CLOSED ABOVE 164,
Saturday, December 03, 2016
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