Tech Guy Weekend Comments 1/21/24

March Crude Oil marked it's low 21 cents below support of 73.20, after selling off about a buck fifty.

support - 72.75

72.00

resistance - 74.60

75.25

March Soybeans traded in a narrow range away from support and resistance.

support - 1210.00

1200.00

resistance - 1229.00

1240.00

1251.50

March Soymeal marked it's low 1.50 below the 367.50 support level.

support - 355.50

353.00

resistance - 366.00

374.00

March Corn marked the high within the resistance range and marked the low 2.50 cents above support.

support - 444.00

442.50

436.50

resistance - 452.00

460.50

March SRW Wheat marked it's high 2 cents above resistance after rallying 11 cents.

support - 590.00

586.50

resistance - 598.50

603.50

612.00-615.00

March KC Wheat traded in a narrow range, not testing support or resistance.

support - 605.00

600.00

resistance - 621.50

630.00

March Spring Wheat marked it's low in between the 683.00 and 677.00 support levels, and rallied 20 cents.

support - 692.00

684.00

resistance - 704.00

713.00

721.50

March S&P traded within 3 ticks of the 4875 target level, after rallying 65 points.

support - 4848

4841

4815

resistance - 4877

4946