March Wheat - Steady
March Corn - 1 Higher
March Soymeal - 1.0 Higher
Jan Beans - 1 to 2 Higher
January Crude Oil marked it's low 5 cents below 70.40 support, then rallied more than a dollar.
support - 70.25
69.45
resistance - 72.35-72.70
74.10
January Soybeans gapped up above support on the open last night and rallied 33.75 cents, 5 cents past the 1332.00 target.
support - 1330.50
1320.00
resistance - 1352.00-1356.00
1372.50
March Soybean Meal marked it's low 1 dollar above 395.50 support and rallied about 8.5 dollars ($100/$).
support - 402.30
399.60
resistance - 409.00
415.00-416.40
422.00
March Corn closed the day on the 481.50 support level.
support - 481.00-480.00
469.00
resistance - 487.50-489.00
493.00
March SR Wheat closed 7.50 cents below support on Friday.
support - 608.00
600.00
593.00
resistance - 615.50
630.00
March KC Wheat also closed below support. 631.50-624.00 is a support level, but I failed to mention it on Friday.
support - 631.50
624.00
619.50
resistance - 646.00
659.00
March Spring Wheat sold off sharply.
support - 695.00
?
resistance - 730.00
740.00
The March S&P gapped up Sunday night in what is called the liquidity roll gap. It occurred because The March contract is trading about $55 higher than the December contract. The December contract high was 4627.25, 1 tick above the 1st resistance of 4627.
March support - 4669
4635
targets - 4737
4808
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