Dec Wheat - 4 to 5 Higher
Dec Corn - Steady
Jan Beans - Steady to 1 Lower
December Crude Oil took out support and it closed 85 cents below.
support - 76.20
74.80
resistance - 77.60-77.80
78.50
79.80-80.10
January Soybeans marked it's low 5.25 cents below support and closed 3 ticks above it. Before that, beans made the high 1.50 cents below resistance of 1400.00, then sold down about 18 cents.
support - 1377.50
1371.00-1369.00
1349.00
resistance - 1390.00-1391.00 - intraday
1400.00
targets - 1410, 1420, 1421
December Corn took out support and closed .50 cents below it. Beforehand, corn was rejected again at the 480 resistance, and sold off for 12 cents. We had a deeper selloff than expected today, but this fact doesn't negate the power of the key reversal. A test of the 461 low is not likely.
support - 469.00
465.00
resistance - 477.00 - light
481.00
486.00
489.00
December SRW Wheat marked it's high 3 ticks from the 580 first resistance level and sold off for about 22 cents.
support - 559.50
556.00-555.00
547.00
resistance - 567.25
575.00
585.00
December KC Wheat marked the high in between the 2 resistance levels of 645 and 652, then sold off to 2.25 cents below the 636.50 support.
support - 636.25
629.50
resistance - 648.00
652.50
661.00
December Spring Wheat marked it's high 2.50 cents below resistance of 741.00, then made the low 1 cent below 732 support.
support - 734.50
732.50
730.50
resistance - 739.00-741.00
747.00
755.25
777.00
December S&P traded in a very small range day today, remaining in between support and resistance. Tomorrow is likely a range expansion day. ebb & flow.
support - 4498-4492
4430-4420
resistance - 4551
4598
4634
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