Dec Wheat - Steady to 1 Higher
Dec Corn - 1 Lower
Jan Beans - 1 to 2 Lower
December Crude Oil marked it's low 21 cents below the 78.00 support level, and made the high at 79.77, 3 cents below resistance, before reversing back down to the 78.00 area.
support -78.00-77.85
77.35
resistance - 79.80-80.10
81.50
82.25 - subtle - small backfill?
83.60-84.00
January Soybeans marked the low 1.50 cents below the 1370 support threshold, then rallied 20+ cents.
support - 1385.00
1367.00
1349.00 - gap fill, doubtful
targets - 1400, 1410, 1420
1441.00
1450.00 - neckline
December Corn marked it's low 1 cent above the 472.00 support, and made the high at 480.00, within the 479.50-481.50 target area - sorry for the typo yesterday (479.50 instead of 489.50).
support - 475.50-476.00
472.50
targets - 486.00
489.00
496.00-497.00
510.00
December SRW Wheat marked an early morning swing low 0.75 cents below the stated support of 574.00, then marked the high at 585.00, and sold off, marking a lower low 3.75 cents below support.
support - 569.00
566.50
resistance - 580.00 - probably intraday back fill
586.00-587.00
590.50-593.00 - these if breakout occurs
598.50-604.00 ""
December KC Wheat marked it's low directly in the middle of the 2 stated support levels (639.50, 635.00), then made the high 1.50 cents above first resistance.
support - 636.50
630.00
resistance - 645.00 - intraday
652.00
662.00 if breakout occurs
December Spring Wheat made it's low at first support of 727.50, and marked the high 1.50 cents below middle resistance of 741.00.
support - 732.00
729.50
resistance - 741.00
747.00
754.00-756.50
December S&P marked it's low on the 7:30 AM data, 0.75 ($37.50) points below the 4421 support, and made the session high 9.25 points above the 2nd resistance of 4510 after rallying 89 points ($4450/contract). Before marking the final high at 2:15 PM CST, the S&P rotated around 4510 during the time of 10:15 AM and 1:00PM (see chart below).
support - 4498
4482
4430
targets - 4575
4594
4635
Here's the 15 minute S&P chart with support and resistance lines marked.
