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Tech Guy Comments 2/15/24


The Continuation Crude Oil (now April) marked it's low 7 cents above the 75.45 support level, then rallied over 2 bucks.

support - 77.00

75.50

resistance - 78.00

79.00

81.30


March Soybeans marked it's low 5 cents below the 1165.00 support level after selling off from the high that was 1.25 cents below the 1176.00 resistance.

support - 1159.00

1145.00-1142.00

resistance - 1175.50

1190.00


March Soymeal marked it's low 2 bucks below the 341.00 support level.

support - 337.50

330.00

resistance - 347.50-348.50

350.30

356.00


March Corn marked it's low at the stated 417.25 support level after selling off from 424.75.

support - 417.25

412.25

resistance - 425.00

429.00


March SRW Wheat violated support.

support - 561.50

557.50-556.25

552.00

resistance - 577.50

585.00


March HRW Wheat tested yesterday's low by about 5.5 cents.

support - 573.50

564.00

553.50

resistance - 590.00-591.00

606.00


March Spring Wheat marked it's low 1 cent above the 563.00 support level, then rallied about 8 cents.

support - 654.00-652.00

597.00

resistance - 671.00

680.00-681.50

March S&P rallied to about 16 bucks shy of the 5066-5067 resistance level. 5029 (middle support price) was the morning swing high, until afternoon trade.

support - 5029

5009

resistance - 5067

5100

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