top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Tech Guy Weekend Comments 3/16/24

May Cocoa closed over 8000 on Friday, and shows no signs of capitulation yet. May Cotton continues to be supported in the 93.50-92.00 area, from the top of the weekly channel. I still expect another leg higher to 125-130 this spring.


May Crude Oil marked it's low 15 cents above the 80.35 support level, and then it rallied 80 cents.

support - 80.50-80.30

79.55

resistance - 81.60

82.25


May Soybeans marked the low 1 cent above lower support at 1182.50, after selling off 15 cents from 1200.

support - 1191.50

1182.00

resistance - 1202.00

1217.50


May Soymeal marked it's low 4 ticks above the 432.50 support price after selling 6 bucks from 339.60.

support - 332.50

331.00

resistance - 340.00

345.00


May Corn marked it's low 1 tick above 432.50 support, then rallied 8 cents.

support - 434.24

431.50

resistance - 440.00

445.00


May SRW Wheat marked it's low 1.25 cents below the 528.00 support level, after selling off a dime from the highs.

support - 526.25

523.00

resistance - 538.00-540.00

549.00-554.00


May HRW Wheat marked it's low at the 561.00 support point after selling down 16-17 cents.

support - 564.00

561.00

resistance - 578.00

589.00


May Spring Wheat marked it's low 3.50 cents below the 648.50 support level.

support - 644.50

642.00

resistance - 660.00

667.00


June S&P marked it's high 10 points below the 5241 resistance level, and then sold off for 60 points.

support - 5177

5161

resistance - 5208

5240



Recent Posts

See All

Comments


bottom of page