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Tech Guy Comments 1/14/25

Writer's picture: Tech GuyTech Guy

February Crude Oil marked it's low 16 cents above the 77.25 support level, after selling off about 1.65 from the early morning high.

support - 77.35, 76.50

resistance - 79.10-79.30, 80.10


March Soybeans marked the high 6 cents below the 1070 resistance price, then sold off about 21 cents from high to low.

support - 1040.50, 1026.00

resistance - 1064.00, 1075.00


March Soymeal marked it's low 1 tick below the 304.50 support price, after selling off about 5 bucks from the early morning high.

support - 304.50, 300.80

resistance - 314.50, 322.00


March Corn marked it's high 2.75 cents above the 477.00 resistance point, then sold off about 6 cents to within yesterday's trading range, from high to low.

support - 472.50, 466.00

resistance - 480.00-481.00, 489.00, 493.50


March SRW Wheat marked it's high 2.75 cents below the 555.00 resistance level, after rallying almost a dime from the early morning low to the session high.

support - 545.00 - previous resistance, 541.00

resistance - 552.00-554.50, 561.00


March HRW Wheat traded in an 11 cent range, marking it's high in between the 2 stated resistance prices. Hard wheat rallied early, then retraced 78% of the rally, coming back down.

support - 560.00, 557.25

resistance - 571.50, 583.00


March Spring Wheat traded higher early, testing an old swing high at 598.00, then sold off about a dime to mark a higher low, similar to the other wheats.

support - 587.50, 584.00

resistance - 598.00, 602.00-606.00


March S&P marked a higher low today which was 8 bucks below the 5850 support price. It closed about 17 bucks higher on the day. Still looking for trade to hit the 5860 level, then eventually conquer higher.

support - 5842, 5800

resistance - 5920, 5960




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