Tech Guy Weekend Comments 1/3/26

February Crude Oil marked its low price 5 cents below the 56.65 support level, after selling off about 1.30 Dollars from the overnight high print.

support - 56.45, 56.08

resistance - 58.00, 58.75

March Soybeans marked the low price 3.00 cents below the 1041 bracket support number, then rallied almost 9.00 cents into the close.

support - 1038.00, 1029.00

resistance - 1060.50, 1068.00

March Corn marked its low price 1.00 cent below the 438.00 support point, after moving down about 3.75 cents from the morning high.

support - 435.50-434.50, 431.00

resistance - 443.00, 437.50

March SRW Wheat marked its low price 1.00 cent below the 502.50 support number, then rallied sharply for about 7.00 cents in the first 1.5 hours of the trading session.

support - 504.00, 501.50, 498.00

resistance - 513.00-515.50, 521.00

March HRW Wheat marked its low price 1 tick below the 508.50 support level, then rallied about 7.50 cents into the close of trading.

support - 510.50-508.00, 503.00

resistance - 521.00, 530.00

March Spring Wheat marked the low price 2 ticks above the 568.00 support number, while leaving a 1 tick gap down and closing 3.25 cents lower.

support - 567.75, 561.00

resistance - 576.00, 581.00

Hogs:

By far, China has more hogs than any country in the world with about 52 million head of sows producing about 735 million pigs a year. The USA has the second most sows with about 22 million head.

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