Dec Wheat - 0.75 Lower
Dec Corn - 0.50 Lower
Dec Soymeal - 0.50 Higher
Nov Beans - 1.50 Lower
October Crude Oil marked it's low 58 cents below the 76.00 support level. Crude marked a measuring gap Sunday night that projects to 78.50, but trade was not ready yet. This market is in high volatility mode. Since the middle of July, daily ranges have averaged between 1.50-2.50, whereas the long term average is closer to 0.75-1.00.
support - 75.00
74.00
resistance - 76.60
77.60
November Soybeans marked their high 2 ticks below the 992.00 resistance level, after rallying 14 cents.
support - 984.50, 976.50
962.00
resistance - 1000.00
1016.00
December Soymeal marked it's high 1.40 bucks shy of the 314.00 resistance price, after rallying 6.50 bucks from last night's open.
support - 309.00
307.00
resistance - 314.00 - breakout
321.00
December Corn marked it's low at the 385.00 support price, then rallied 9 cents low to high.
support - 390.00
388.00
resistance - 396.50
401.00
December SRW Wheat marked it's low 3 ticks above the 520.00 support level, then rallied about 18 cents to the high, then closed 2.00 cents below the 537.00 resistance level.
support - 531.50
525.50
resistance - 538.50 - breakout
548.00, 555.00
December HRW Wheat marked it's high 2 ticks beyond the 550.00 resistance price, after rallying about 16.50 cents from the overnight low.
support - 539.50
533.00
resistance - 558.00
567.50
December Spring Wheat marked it's low 2 ticks above the 564.50 support level, then rallied 15 cents low to high. There's quite a bit of data that suggests the bottom may be in place for the wheat's and all grains actually. If spring wheat rallies past 599-600, notice what happens afterwards. If it's reversing back higher, a lot of shorts will be trapped with decisions to make.
support - 571.50
565.00
resistance - 584.00 - breakout
599.50
Sep S&P marked it's low 9 points below the 5620 support level, then rallied about 39 points low to high. Equities have been contracting/consolidating in small ranges for 6 days straight. A powerful move either way is imminent.
support - 5602
5582
resistance - 5671
5722

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