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Tech Guy Weekend Comments 10/28/23

December Crude Oil marked it's low 10 cents above the 83.00 support Friday morning, then, in the afternoon marked the high at 85.90, which is exactly in the middle of the target range of resistance of 85.50-86.30.

support - 84.60

83.50

80.00

resistance - 86.50

88.30


November beans marked the low 3 ticks above given support (1299) right on the open Friday. The November Soybeans middle resistance was 1299-1301. Beans made an initial high of 1299.75 on the day open, and then marked a secondary high 2 hours later of 1303.50, which was the high for the session. Roll to January Beans.

support - 1315.50

1311.00

resistance - 1326.00

1334.00

1351.00


December Corn marked its low 1 tick above the 478 support level, and marked the high 1.5 cents below the 485.50 resistance.

support - 479.25

475.50

resistance - 486.00-487.00

492.50


December SRW Wheat marked its low 1 cent above the 570 support.

support - 574.00

570.00

561.00

resistance - 584.00

588.00

594.00


December KC Wheat sold off below support - very weak. May be capitulation.

support- 641.50

636.00

resistance - 651.00

657.00-660.00

671.00


December Spring Wheat marked its low 2 ticks above support at 717.50.

support - 718.00

712.00

706.00

resistance - 727.50

735.00


The December S&P marked it's low 2.75 points below the middle support of 4125.

support - 4120-4112

resistance - 4181

4208


Opmerkingen


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