January Crude Oil violated the 74.91 low from Wednesday a week ago. The 76.20 level held support until the pit opening at 8 AM, then the flood gates opened.
support - 72.80-72.60
69.60
resistance - 74.91
76.90
79.80-80.10
January Soybeans marked it's low 3.50 cents above the top of the gap at 1350.25, then 1370 proved to flip from support to intraday resistance. After the open last night, beans marked the high 2.25 cents below the 1390 resistance and then sold off 30 cents.
support - 1357.00
1350.00-1349.00
1337.00
resistance - 1370.50
1379.00
1387.50
1400.00
December Corn marked it's low 1 tick above the lower support at 465.00, then rallied to within 3 ticks of the 477 resistance.
support - 470.00
464.50-463.00
resistance - 477.50
480.00-481.00
487.00
December SRW Wheat sold off all day and marked it's low at lower support of 547.00.
support - 552.00-551.25
539.00-541.00
resistance - 560.00
564.00
575.00
580.00
December KC Wheat marked it's low 2.75 cents below the 629.50 support.
support - 625.50-624.00
578.00 - July 2021 low
resistance - 632.50
640.00
647.00-649.00
December Spring Wheat closed 2 cents below lower support and marked the high 2.50 cents below first resistance of 739.00.
support - 725.50
722.00-721.00
resistance - 736.00-737.00
741.00
747.00
December S&P marked it's low about 4 points above support, and did not trade up to resistance.
support - 4500
4450
4492
4413
resistance - 4555-4558
4568
4634
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