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Tech Guy Weekend Comments 11/19/23

January Crude Oil marked it's low 11 cents above the 72.80 support level, and made the high price in between the first 2 resistance levels

support - 74.85

73.50

72.85

resistance - 77.60

78.80

80.10


January Soybeans marked it's high below resistance, then made the low 1 tick below the 1337.00 support.

support - 1339.00

1333.50

1318.50

resistance - 1351.50

1361.00

1372.00

1378.50



December Corn marked the high 2.50 cents below resistance and printed the low 2.25 cents above support.

support - 465.00

461.00

resistance - 475.50

481.00


December SRW Wheat marked the high 2.25 cents below resistance and marked the low in between support ranges.

support - 549.50-547.00

540.00

resistance - 558.00

567.50

577.50

585.00


December KC Wheat marked new contract lows below support on Friday.

support - 617.50

613.00

578.00

resistance - 626.00-628.00

631.50

641.00-641.50

December Spring Wheat sold off to old support levels from the previous week.

support - 715.00

702.50

resistance - 722.75

731.00

738.00


December S&P marked it's low about 12 points above support, and printed the high 15 points below resistance in the 3rd very small range day in a row. Expect a breakout Monday or Tuesday either direction.

support - 4500

4430

resistance - 4540

4570

4634


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