March Wheat - Steady
March Corn - Steady to 1 Lower
March Soymeal - 1.00 Higher
March Beans - 1.50 Lower
S&P chart illustrating intraday price points down below.
I have added some lower support levels for the grains because of tomorrows report.
7 out of 8 could have been good short trades. The other one was a no trade.
February Crude Oil marked it's high 1 penny above the 73.80 resistance, then sold off for almost 2 bucks.
support - 71.70
70.20
resistance - 74.25
75.40
March Soybeans marked it's high 1 tick from 1250 resistance then sold off for about 15 cents.
support - 1234.00
1214.00
resistance - 1248.50
1267.00
1281.00
1290.50
March Corn marked it's low at the stated support level of 455.75.
support - 455.25
439.50
resistance - 464.00
469.00
475.00-477.00
March Soymeal marked the high early 1.1 dollars from the 370.00 resistance, the sold off 7 bucks to within 60 cents of the 361.00 support level.
support - 361.00
354.80
338.00
resistance - 368.80
376.00
381.50
March SRW Wheat marked it's low 3 ticks below the stated support level, after selling off for 12.5 cents.
support - 603.00
600.00
591.00
resistance - 616.25
622.00
635.50-640.00
March KC Wheat reversed down 3 cents from resistance, then sold off to below the support levels.
support - 615.25
608.50
600.00
March Spring Wheat marked a swing high just after midnight which was a couple of cents below the 714.50 resistance, then proceeded to sell off 13 cents to within 1 tick of the 699 support level/downside target.
support - 700.00
697.00
668.00
resistance - 712.50
722.00
729.00-732.00
March S&P marked it's high 4 points from the 4842 resistance level, then sold off for 40 bucks, which is 2 grand per contract.
support - 4804
4767
4715
resistance - 4834-4838
4875
To illustrate how support levels work in the S&P, here is the 5 minute chart with yesterday's stated levels labeled.
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