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Tech Guy Weekend Comments 4/13/24

May Crude Oil traded within 13 cents of the 87.80 resistance level, then sold off over 2 bucks.

support - 85.30

84.50

resistance - 86.30

87.70


May Soybeans marked the low 3 cents below the 1157.00 support price, then rallied 22 cents.

support - 1164.00

1154.00

resistance - 1184.50

1194.00


May Soymeal marked it's low 80 cents above the 334.00 support point, then rallied 11 bucks.

support - 341.00

337.00

resistance - 347.50

352.50


May Corn marked it's low 1 cent below the 428.00 support level, then rallied 9 cents, to within 2 ticks of the 437.00 resistance.

support - 432.25

429.50

resistance - 438.50

441.00


May SRW Wheat marked it's low 1.50 cents below the 551.00 support price, then rallied 12 cents.

support - 552.00

548.00

resistance - 563.00

568.00


May HRW Wheat marked it's low 3 ticks below lower support, then rallied 11 cents.

support - 586.50

583.00

resistance - 597.50

602.00


May Spring Wheat marked it's low at the stated 632.00 support, then rallied 13 cents.

support - 640.50

635.00

resistance - 647.00

652.00


June S&P was not finished probing below the 5175 support area on Friday, crashing below the new support marks.

support - 5157

5122

resistance - 5210

5240



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