Tech Guy Weekend Comments 4/27/25

June Crude Oil has been trading in a range between 63.40 and 61.60 since last Wednesday.

support - 61.50, 60.45

resistance - 65.00, 66.50

July Soybeans is in an uptrend, but has some resistance to get through near current prices.

support - 1056.00, 1048.00

resistance - 1067.50, 1082.00

July Corn has rallied from the right shoulder of a large inverted head and shoulders formation and likely has more upside.

support - 483.50, 479.00

resistance - 495.50-498.00, 506.00, 523.00 - neckline

July SRW Wheat is trading near the low of a 38 cent range, but has found buyers above the lows.

support - 542.00, 538.50

resistance - 550.00, 555.00, 567.00

July HRW Wheat has likely found a solid low at 543.00, and the buyers have been able to take price up over a dime.

support - 548.00, 544.00

resistance - 557.50-559.00, 567.50

July Spring Wheat:

support - 605.00, 602.00

resistance - 617.00, 627.00

Rice:

At 750 million tons, rice is the world’s sixth largest agricultural product and a dietary staple for more than half of the world’s population, particularly in Asia. Leading producers are China, India, and Indonesia. Rice and wheat are competing crops. Together, they meet the protein needs of nearly half of the world’s population.

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