Tech Guy Weekend Comments 3/16/25

April Crude Oil traded in a narrow range of about a dollar, staying in between support and resistance.

support - 66.40, 65.30

resistance - 68.00, 68.70

May Soybeans marked the low 2 ticks below the 1006.00 support level, then rallied about 12.50 cents, up to the 1018.00 resistance price.

support - 1011.50, 1005.50

resistance - 1026.00, 1037.50

May Corn marked it's low 2 ticks above the lower 456.00 support level, after selling off about 7.00 cents high to low.

support - 456.00, 452.50

resistance - 470.00, 477.00

May SRW Wheat marked it's low 3 ticks above the 554.50 support price, after selling down about a dime from the 565.00 high.

support - 555.00, 546.00

resistance - 565.00, 571.00

May HRW Wheat marked it's low 2 ticks above the 583.50 support price, after selling off about 11.50 cents from the high.

support - 584.00, 575.50

resistance - 596.00, 608.50

May Spring Wheat marked it's low 1.00 cent below the 600.50 support level, after selling down just 8.50 cents from high to low.

support - 600.00, 595.50

resistance - 610.00, 620.00

Interesting fact:

Over the thousands of years of human history, the most common causes of war have been religion and resources to produce food. That is why the CIA, after the USDA, spends more money than any other organization in the world to collect crop production data from around the world.

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