March Wheat - 2 Lower
May Corn - 0.50 Lower
March Soymeal - 0.80 Higher
May Beans - 3 to 4 Lower
April Crude Oil marked it's low in the middle of the 70 cent stated range for support, and then it rallied 2 bucks.
support - 77.35
76.80
resistance - 79.00
79.60
82.20
May Soybeans marked it's low 3.50 cents above support and rallied a dime.
support - 1140.00
1131.00
resistance - 1151.50
1172.00
March Soymeal marked it's low dead on at the 328.00 support. Then, it rallied $6.50 from there.
support - 332.20
330.00
resistance - 335.80 - above this an upside breakout.
339.00
344.00
May Corn appears to have marked a climax low on high volume and aggressive buying. The low was marked 2 ticks below 409.25 support, then corn rallied 12.50 cents.
support - 417.00-415.75
411.25
resistance - 428.50
434.00
March SRW Wheat marked it's low about 4 cents below support, then rallied 15 cents.
support - 570.25
561.50
resistance - 580.00
592.50
600.00
March HRW Wheat marked it's low 1.50 cents below support, then rallied 21.50 cents.
support - 580.00-579.00
573.00
resistance - 594.50
610.00
March Spring Wheat marked it's low 1.50 cents above support, then rallied about 14 cents.
May support - 649.00
645.00
637.00
May resistance - 661.50
675.50
March S&P marked the low 1 tick below the 5078 stated support as of this writing (pit session close).
support - 5059
5050
resistance - 5109
5124
Cocoa met it's upside measuring gap objective in the March and May contracts today with that "1 push higher." It is more likely that a correction will start from here. The correction target is 5275 in the May.
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