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Writer's pictureTech Guy

Tech Guy Weekend Comments 4/6/24

May Crude Oil marked it's low 12 cents above the 86.20 support level.

support - 86.20

85.65

resistance - 87.63

88.55


May Soybeans marked the low 3 cents above the 1170.00 support level, then rallied 15 cents.

support - 1180.00

1175.00

resistance - 1191.00

1200.00


May Soymeal marked it's low directly in between the 2 support levels, then rallied 6 bucks low to high.

support - 331.70

329.70

resistance - 335.50

339.30


May Corn marked it's low 1 tick above the 432.00 support level, and marked the high 1 cent above the 437.50 resistance level.

support - 431.75

429.75

resistance - 438.50

441.00


May SRW Wheat marked it's high about 6 cents above the 569.50 resistance level, but closed at 568.25, a bit below the breakout price.

support - 565.00

560.00

resistance - 578.50

590.00


May HRW Wheat marked it's low 1 cent above the 574.00 support point, then rallied 16 cents, past the 588.50 resistance mark.

support - 582.00

575.00

resistance - 592.50

602.00


May Spring Wheat marked it's high 1.25 cents above the 653.50 resistance level.

support - 644.00

640.50

resistance - 657.00-660.00

669.00


June S&P marked the low 10 points above the 5285 support, then rallied 70 points.

support - 5235

5215

resistance - 5310

5334



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