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Writer's pictureTech Guy

Tech Guy Comments for 2/22/24

April Crude Oil marked it's low 12 cents below support, then rallied 1.25.

support - 78.40

77.05

resistance - 79.30

79.60


March Soybeans marked it's high 2 cents below resistance, then sold off 20 cents and printed the low 1 tick from my support number.

support - 1150.75

1142.00

resistance - 1173.00

1193.00


March Soymeal marked it's high 3 bucks above resistance, then sold off almost 10.00.

support - 331.50

309.30

resistance - 339.50

334.00-336.00


March Corn marked it's low 4 cents below support and settled within 1.50 cents of the stated support price. The high was 2 ticks above resistance, then corn sold off about 11 cents.

support - 405.50

396.00

resistance - 416.00

421.50


March SRW Wheat sold off for 20 cents, making the low 1.25 cents below support.

support - 580.00

573.50

resistance - 600.50

606.00

611.50


March HRW Wheat sold off 17 cents, to within 2 cents of the stated support.

support - 572.50

569.00

resistance - 597.00

611.00


March Spring Wheat sold off 20 cents, to within 1 cent of the lower support.

support - 647.00

597.00

resistance - 673.50

693.00


March S&P rallied hard today, marking a high 47 points above resistance. Now resistance (old high) becomes support.

support - 5082.00

5066.00

resistance - 5179.00

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