Sep Wheat -
Sep Corn -
Aug Soymeal -
Aug Beans -
August Crude Oil marked the low 17 cents below the 80.40 stated support level, then rallied 1.50 bucks low to high. Very sturdy/stable uptrend in progress, defined by the small steps of chart action - it's taking care of business a little bit at a time. This action is opposed to larger, more volatile moves which would incur bigger corrections. Crude's high was 1 cent below the 81.80 resistance.
support - 80.85
80.15
resistance - 81.80 - also a breakout
83.35
August Soybeans marked it's low 1.25 cents above the lower 1140.00 support price, then rallied 21 cents low to high. Friday's low marks a double bottom from the February 29th low, which projects to 1371.
support - 1154.00
1149.50
resistance - 1177.00
1187.00
August Soymeal marked the low 80 (8 ticks) cents below the 348.00 support level, then rallied 12 bucks low to high, closing well above the resistance prices.
support - 353.00
351.50
resistance - 359.50-362.00 - breakout point
368.00, 373.00
September Corn tested the 432.00 February low and reversed higher into the close, giving fairly good confidence of a double bottom. Target is 538.
support - 433.50
430.00
resistance - 445.00
449.00
September SRW Wheat marked it's low 2.75 cents below the 567.00 support level, reversed higher, and closed near the middle of the daily bar.
support - 566.75
562.00
resistance - 579.50
592.00
September HRW Wheat marked it's low 1.25 cents below the 578.00 support price, then rallied about 11 cents low to high.
support - 582.75
576.00
resistance - 596.50
608.50
September Spring Wheat marked the low 4.75 cents below the 615.00 support point.
support - 610.00
597.50
resistance - 621.00
633.00, 646.00
Sep S&P marked it's low 9 points below the 5519 support level, after selling off 48 points high to low.
support - 5512
5485
resistance - 5519
5560
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