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Tech Guy Weekend Comments 2/4/24

March Crude Oil closed 19 cents below lower support at 72.60 after selling off about 2.50.

support - 72.00

70.60

resistance - 74.50

77.00


March Soybeans marked it's low 1.75 cents above the 1185.00 support level after selling of 20 cents.

support - 1184.25

1181.00

resistance - 1199.50

1208.50

1215.00


March Soybean Meal marked it's low 2.40 bucks below the 358.50 support level after selling off 8 bucks.

support - 355.20

352.50

resistance - 361.00

365.50


March Corn marked it's low 1.25 cents below the 443.25 support level.

support - 432.00

436.00

resistance - 448.00-448.75

453.50


March SRW Wheat marked it's low 2 ticks below the 596.25 support level, after topping out 4.5 cents above the 607.00 support level.

support - 598.75

595.50

resistance - 611.50

617.50

623.00


March HRW Wheat marked it's high 1.50 cents above the 633.00 support, then sold off 14 cents.

support - 623.00

620.00

616.50

resistance - 635.00

641.25-644.00


March Spring Wheat marked it's low 1 penny above the 692.00 support level after selling off about 13 cents from the 705.00 resistance point.

support - 696.00

693.00

resistance - 708.00-711.00

721.00


March S&P marked it's low 0.75 points above the 4925 support level, then it rallied about 70 points to just below the 5000 psychological target area.

support - 4958

4920

resistance - 5059-5065

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