September Crude Oil marked a swing low 1 tick below the 80.20 support level, then rallied 80 cents. After that, many of the world markets fell out of bed and crude sold all the way to 78.60, creating a larger playing field for next week.
support - 78.50
77.90
resistance - 79.25
81.00
September Soybeans marked a higher intraday high and remained above support.
support - 1035.00
1032.50
resistance - 1043.75
1050.00
September Soymeal almost tested support at 315.80 (swing low to the left).
support - 315.50
313.00
resistance - 318.00
321.00
September Corn marked it's high 1 tick below the 396.50 resistance, then sold off 6 cents, to support at 390.00.
support - 390.00
387.75, 376.00
resistance - 396.50
400.00
September SRW Wheat marked it's high 1.25 cents above resistance at 555.00, after a rally of 26 cents from the 530-531 support area.
support - 540.00
536.00
resistance - 556.00
562.00, 571.00
September HRW Wheat marked it's low 2 cents above the 555.00 support price, then rallied 22 cents, taking out upper resistance - bullish.
support - 568.00
565.00
resistance - 580.00
590.00
September Spring Wheat marked the low 2 cents above the 595.00 support level, then rallied 21.75 cents low to high, closing just above lower resistance of 608.00.
support - 607.50
603.00
resistance - 619.00
628.00
Sep S&P, like crude sold off in a panic over worldwide business concerns, crashing through all support prices.
support - 5540
5489
resistance - 5610
5636
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