Tech Guy Weekend Comments 2/23/25

April Crude Oil marked it's high 7 cents above the 72.70 resistance level, then sold off about 2.50 bucks, almost testing the low from February 16th.

support - 69.40, 68.50

resistance - 71.00, 72.25

March Soybeans marked the high within the stated resistance range, then sold off about 13 cents high to low.

support - 1036.00, 1029.00

resistance - 1050.00, 1057.00

March Corn marked it's low 2.00 cents below the 492.00 support price, after selling off about 9 cents high to low.

support - 490.00, 485.00

resistance - 500.00, 504.50

March SRW Wheat traded in a very narrow range of about 7.50 cents, remaining well in between both support and resistance. It should break out either way for Monday's session.

support - 585.50, 583.00

resistance - 595.00, 603.00