November Crude Oil continued it's strong up move, rallied a dollar past resistance, then corrected to close within a nickel of the 74.50 resistance point.
support - 73.40
72.50
resistance - 75.60
76.70
November Soybeans marked the low 1.75 cents below the 1038.00 support level, after selling off about 19 cents from the high.
support - 1034.00
1031.00
resistance - 1056.00
1066.00
December Soymeal marked it's low 2 bucks below the 331.00 support price, after selling off almost 7 bucks high to low.
support - 327.50
325.00
resistance - 338.00
344.00
December Corn marked it's low 2 ticks above the 422.50 support level, after selling off about nickel from the high/open.
support - 422.50
420.00
resistance - 428.00
434.50
December SRW Wheat closed down 13.25 cents on the day, while eclipsing support levels. I think it needed a bit more energy to continue higher.
support - 588.00
583.50
resistance - 604.50
618.00
December HRW Wheat also broke support by 8 cents, and closed down 12.75 cents on the day.
support - 595.00
583.00
resistance - 608.50
624.00
December Spring Wheat marked it's low 3.75 cents below the 637.50 support price at the top of the channel, but then closed at 638.50. Again, hitting sell stops to gain energy.
support - 636.00
627.50
resistance - 647.00
654.00
December S&P eclipsed resistance levels by about 20 bucks on strength, while rallying 46 bucks on the day, also closing above resistance.
support - 5774
5747
resistance - 5805
5830
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