July Cocoa completed the first leg of it's correction at 7000 even, then rallied about 300 points to a high of 8218 on Friday.
support - 7650-7500
resistance - 9600-9750
June Crude Oil marked the low 24 cents below the 78.29 support level, after selling off 1.50 from the highs.
support - 77.50
77.00
resistance - 79.70-78.00
80.75
July Soybeans marked it's low 5 cents above support, then rallied 19 cents to the 1216 resistance point.
support - 1202.00
1190.00
resistance - 1223.00
1240.00
July Soymeal marked the low 1.80 below support, then rallied past the 373.00 resistance area.
support - 366.50
361.00
resistance - 382.00
398.00-403.00
July Corn rallied 7.50 cents, almost touching the 471 resistance, then later correcting intraday to 3 ticks below the 458.00 support price.
support - 458.00
454.00
resistance - 472.00
484.00
July SRW Wheat marked it's low 2.50 cents above the 600.50 support level, then rallied 9 cents past resistance to settle on the lower resistance level which is now support.
support - 620.50
614.50
resistance - 632.50
641.00
July HRW Wheat rallied 25 cents, to within 1.50 cents of the 664.00 resistance level.
support - 648.00
644.00
resistance - 664.00
675.00-678.00
July Spring Wheat rallied as much as 15 cents to a high of 724.00, 7 cents past resistance, then corrected 10 cents lower to close at 714.50.
support - 708.50
698.00
resistance - 738.00
751.00
June S&P rallied to within 14 bucks of the 5179 resistance level. This is a large corrective pattern developing.
support - 4988
4930-4913
resistance - 5218
5260
