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Writer's pictureTech Guy

Tech Guy Weekend Comments 11/16/24

December Crude Oil marked it's low 32 cents above the 66.50 support level, after selling off about 2.70 from high to low. Look for support for Monday's session between 66.80-66.50.

resistance - 67.70, 68.70


January Soybeans marked the low 2.00 cents above the 986.00 support price, then rallied about 17 cents low to high.

support - 991.50, 982.00

resistance - 1015.00


December Soymeal marked it's low 1.70 bucks below the 287.00 support level, then rallied about 4.50 bucks from low to high.

support - 287.50, 285.00

resistance - 292.50, 297.00


December Corn marked it's low at 417.00 on Friday, and closed near the high of 425.00.

support - 420.00, 417.00

resistance - 428.00-430.00


December SRW Wheat marked it's low 1.50 above the 529.00 support price, then rallied 6.75 cents on the trading session.

support - 534.00, 530.00

resistance - 542.50-544.50, 551.50


December HRW Wheat marked it's low 3 ticks above the 531.50 support level, then rallied about 12 cents low to high and closed up 7.75 for the day.

support - 537.00, 532.00

resistance - 548.50, 561.00


December Spring Wheat marked it's high at the 578.00 resistance point, after rallying 10.75 cents from low to high.

support - 567.50, 563.00

resistance - 578.50, 595.00


December S&P took out all support levels and, is therefore embarking on a larger correction in both time and price.

support - 5875, 5830

resistance - 5961, 5980

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