January Crude Oil traded in between support and resistance in what was almost a 2 dollar range. Sunday/Monday trade should be poised for a buy opportunity.
support - 68.00, 67.00
resistance - 70.00, 70.40
January Soybeans marked the low 2.50 cents below the 985.25 support level, after selling off about 15 cents high to low from 1.50 cents below resistance.
support - 986.00, 982.50
resistance - 998.00, 1010.00
January Soymeal marked it's high 4 ticks below the 299.00 resistance price, then sold off 8 bucks high to low.
support - 290.50, 286.50
resistance - 299.00, 303.00
March Corn marked it's low 3 ticks below the 428.00 support level, then rallied about 6 cents low to high.
support - 431.00, 427.00
resistance - 436.00, 443.00
March SRW Wheat marked it's low 1 penny above the 542.00 support price, then rallied a dime low to high.
support - 547.00, 543.00
resistance - 556.00, 565.00
March HRW Wheat marked it's low 3.25 cents below the 541.50 support point, after selling off about 20 cents from high to low.
support - 540.00, 532.00
resistance - 559.50, 568.00
March Spring Wheat traded in a very small range on Friday, closing up one half cent and marking a Doji - like daily bar, with the open/close 1 cent apart.
support - 590.00, 584.00
resistance - 596.50, 602.50
December S&P marked a new all time high at 6060.00, while closing just a hair shy of the 6053.25 previous high.
support - 6014, 6000
resistance - ?
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