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Tech Guy Comments 3/21/24

May Crude Oil marked it's low 10 cents/ticks below the 80.40 support level, after selling off 1.50.

support - 80.75

80.00

resistance - 82.20

83.30


May Soybeans marked the low 2 cents below the 1206 support level, after selling off about 20 cents from the high.

support - 1199.00

1190.00

resistance - 1226.00

1233.00


May Soymeal marked it's high 1.40 from resistance, then corrected and traded 40 cents below the 339.20 support level.

support - 342.00

338.00

resistance - 347.60

353.50


May Corn marked it's low within 2 ticks of both support levels, after selling off about 7.50 cents. Corn tested the breakout point on top, and keeps marking higher lows. Stay long.

support - 439.75

438.00

resistance - 445.50 - breakout

460.00


May SRW Wheat marked it's low 1 cent below the 541.25 support level, after selling off 11 cents.

support - 544.00

539.50

resistance - 554.00-556.00

567.00


May HRW Wheat marked it's low directly in between the 2 listed support levels, after selling off 12 cents.

support - 578.75

575.00

resistance - 588.00 - breakout

600.00-605.00


May Spring Wheat tested the breakout price, then closed just below it, gaining more energy.

support - 650.00

645.00

resistance - 667.00

675.00-677.50


June S&P traded in between support and resistance, in a small range day after yesterday's explosive energy release.

support - 5299

5267

resistance - 5334

5372




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