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Writer's pictureTech Guy

Tech Guy Weekend Comments 12/17/23

January Crude Oil marked it's high 6 cents above the stated 72.50 resistance, then sold off almost 2 bucks ($1000/$).

support - 70.50

69.60

resistance - 74.15

74.75

76.85


January Soybeans marked it's high 3 cents below 1323 resistance then sold off for about 15 cents ($50/cent).

support - 1312.00

1304.00

resistance - 1323.00

1337.00

1345.00


March Soybean Meal marked it's high 0.5 points above the 398.00 resistance, then sold off 4.0 points.

support - 395.00

390.50

resistance - 399.00

408.50


March Corn marked it's low 1 tick above the 477.50 support level and then rallied 6 cents.

support - 481.00

478.00

resistance - 485.00

488.00

494.00


March SR Wheat marked it's low 3 ticks above the 610.00 support and then rallied almost 20 cents - within 2 cents of the 632.00 resistance.

support - 622.50

615.00

resistance - 633.50

643.50

650.00


March KC Wheat marked it's low 2.25 cents above the 629.00 support, then rallied for about a dime.

support - 637.50

632.00

resistance - 648.50

663.00

676.00


March Spring Wheat opened above support and gained about 13 cents on the day.

support - 725.50

719.00

resistance - 734.50

741.00

754.50


March S&P marked it's high 2 points below the 4791 resistance then sold off about 30 points.

support - 4753

4744

resistance - 4790

4808

4827

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