March Wheat - 0.50 Higher
March Corn - Steady
March Soymeal - 0.40 Lower
March Beans - Steady
March Crude Oil marked it's low 22 cents below the 70.65 support level, and closed down 0.51 points for the day. Sentiment is very weak.
support - 70.15, 69.30
resistance - 71.90, 72.80
March Soybeans marked the low 1.75 cents above the 1048.00 support price, after selling off about 16 cents high to low.
support - 1055.00, 1049.50
resistance - 1070.00, 1080.00
March Soymeal marked it's low 2.20 below the 305.50 support level, after selling off about 7.0 bucks from high to low.
support - 304.00, 300.00
resistance - 311.00, 315.00
March Corn marked it's low 1.00 cent below the 487.00 support price, then rallied about a dime.
support - 492.00, 487.50
resistance - 499.00 - breakout, 511.00, 525.00-531.00
March SRW Wheat tested the top of the trading range once again successfully, then rallied and closed up 16.00 cents while marking another higher high.
support - 580.50, 573.50
resistance - 596.00, 618.00
March HRW Wheat closed up 15.75 cents for the day, also marking a higher high which was in between the 2 stated resistance prices.
support - 601.00, 594.00
resistance - 620.00-625.00
March Spring Wheat closed up a dime on the day, stopping just shy of yesterday's high. Spring wheat has formed an inverted head & shoulders on the intraday chart that projects a target of 660.00
support - 624.00, 612.50
resistance - 634.00, 645.00, 656.00 - like the other wheats, spring has many bumps on the left - this is 3 of them.
March S&P marked it's low 4 points above the 6066 support level, then rallied about 30 points.
support - 6075, 6053
resistance - 6150
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