Tech Guy New Year's Comments 1/1/26

February Crude Oil marked its high price 5 cents below the 58.60 bracket resistance level, then sold off about 1.35 bucks, moving down about 40 cents below first support.

support - 56.65, 55.75

resistance - 58.90-59.15, 59.60

March Soybeans marked the low price at the stated 1047.00 bracket support level, after a sell off of about 17.00 cents from the open/high price.

support - 1043.50-1041.00, 1029.00

resistance - 1060.50, 1065.00

March Corn marked its low price 3 ticks below the 438.25 bracket support number, then moved up about 3.50 cents into the close.

support - 438.00, 435.50

resistance - 443.00, 447.50

March SRW Wheat marked its low print 2 ticks below the 505.50 bracket support point, after selling down about 6.00 cents from the morning high price print.

support - 505.50-504.00, 502.50, 498.00

resistance - 512.00, 517.00

March HRW Wheat marked the low price 2 ticks below the 513.50 support number, after selling off about 7.00 cents from the morning high print.

support - 513.00, 508.50

resistance - 521.00, 525.00, 530.00

March Spring Wheat marked its low price 1 tick below the 573.00 support level, after a sell off of about 5.50 cents from near the opening of the trading session. This move lower could be a fake out, so be on your toes.

support - 568.00, 561.00

resistance - 579.00, 583.00

Soymeal:

China consumes 30% of the world’s annual soybean meal production.

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