June Crude Oil marked it's low within a few ticks of the 79.05 support, then rallied just beyond the 80.00 resistance.
Continuation (July support) - 79.00
78.50
Continuation (July) resistance - 79.95
81.50
July Soybeans rallied as much as 15 cents, to test highs directly in between the 2 resistance levels.
support - 1226.00
1219.00
resistance - 1238.00 - breakout
1257.00 - old high
I wanted to highlight Roger's comment about bean open interest increasing 25,000 contracts on Friday - this is very noteworthy, as an 8000-10,000 increase on any given day is very strong.
July Soymeal marked the high 6 ticks from the 373.0 high, then sold off 6 bucks.
support - 367.50
365.50
resistance - 382.00
390.00
July Corn marked the low 3 cents below support, after selling off 8 cents.
support - 452.00
444.00 - unlikely
resistance - 460.50
465.50
July SRW Wheat marked it's low 4.25 cents below support, after selling off 25 cents, high to low.
support - 646.25
639.00
resistance - 678.00-681.50
697.00
July HRW Wheat marked the high 6.00 cents below resistance, then sold off 25 cents.
support - 659.00
650.50
resistance - 686.00
692.00
July Spring Wheat marked it's low 1.00 cents below the 710.50 support, after selling off about 20 cents.
support - 710.00
700.00
resistance - 729.00
742.00
June S&P traded in a small range day, staying between support and resistance.
support - 5305
5286
resistance - 5342-5349
5500
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