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Writer's pictureTech Guy

Tech Guy Weekend Comments 10/13/24

November Crude Oil spent all but a few minutes trading above the 75.00 support level, consolidating before another likely leg higher.

support - 75.30

74.50

resistance - 76.25

78.50


November Soybeans marked the low in between the 2 given support levels, staying above 1001.00.

support - 1004.00

1001.00

resistance - 1025.00

1040.00


December Soymeal marked a slightly lower low by 70 cents on Friday, and closed 4 ticks below the 315.20 support price.

support - 313.00

310.00

resistance - 319.00

324.00


December Corn marked it's low 1 tick below the 415.50 support level, after selling off a few cents on the day.

support - 416.00

412.25

resistance - 423.00-424.00

427.50


December SRW Wheat had a healthy sell off on the report to clean out sell stops for energy, but closed 1.50 cents above the 598.00 support price.

support - 596.75

592.00

resistance - 611.50

618.00


December HRW Wheat sold off about a dime, then rallied to close on the 604.50 support price.

support - 603.00

598.50

resistance - 616.00

624.00


December SRW Wheat marked it's low 4.75 cents below the 641.50 support level, then rallied to close 2.25 cents above that support.

support - 641.75

636.50

resistance - 653.00

705.00



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