Dec Wheat - Steady to 1 Higher
Dec Corn - Steady
Nov Beans - Steady to 1 Lower
December Crude Oil bottomed out today in between the 2 support levels of 81.75 and 80. The pattern is a V bottom and should be a sturdy low or very close.
support - 81.10
80.50
78.00
resistance - 83.70
86.25
89.00
November Soybeans bottomed out directly in between the 2 given support prices, and then rallied to 3.25 cents above stated resistance. Historically, this pattern would normally elicit a selloff to at least 1297-1296 before rallying.
support - 1304.50
1297.00-1294.00
resistance - 1323.50
1335.00
December Corn marked it's low 2.5 cents above support today, and found resistance 1 cent above the given number of 482.
support - 475.50
472.00
resistance - 483.50
485.25
December SRW Wheat marked it's low directly in between the 2 given support prices.
support - 547.00
539.00
resistance - 565.00
578.00
December KC Wheat continues marking new lows - very weak. It closed 2 cents below lower support today.
support - 627.50
619.00
resistance - 645.00
660.00
December Spring Wheat fell through support at 710.00, bottomed at 703.25 and rallied to 710.00 where the new resistance was. Support became resistance.
support - 706.00
699.00
670.00 - weekly low to the left
resistance - 710.00
717.00
726.50
December S&P marked the session low overnight that was directly between the 2 given numbers, and continued to rally. It marked the session high 6 points above the 1st resistance of 4209.
support - 4199
4188
4170
resistance - 4234
4267
4303
Opmerkingen