Tech Guy Weekend Comments 8/30/25

October Crude Oil marked it's high and low in between the resistance and support levels, while losing 63 cents down to 63.97 for the day, at the time of this writing.

support - 63.35, 62.90

resistance - 64.70, 65.10

These numbers are tight because crude is trading in a contracting triangle pattern, and could breakout in either direction.

November Soybeans marked it's high 1.50 cents above the 1053.50 resistance price, after rallying about 13.00 cents from the low to the high.

support - 1044.00, 1037.50

resistance - 1056.00, 1063.00

December Corn marked it's high 3.50 cents above the 417.00 resistance number, after rallying about 10.50 cents from the low to the high. Corn also closed above this mark. This is bullish.

support - 417.00-416.50, 410.50

resistance - 423.00, 430.50

September SRW Wheat marked it's high price 1 tick below the stated 535.00 resistance point, after rallying almost 8.00 cents from the low to the high.

support - 527.00, 520.00

resistance - 535.50 - breakout, 540.00, 546.00

September HRW Wheat rallied 3.50 on the day and remained within both resistance and support.

support - 513.00, 506.00

resistance - 522.50, 528.00

September Spring Wheat marked it's low 2.00 cents below the 575.00 support number, then reversed and rallied 10.50 cents from the low to the high. Not a key reversal, per se, but a very possible reversal signal by marking a new low, then closing above the last 2 days close.

support - 576.00, 572.00

resistance - 585.00, 596.00

There are nine major vegetable oils in the world marketplace. Palm oil is the most widely traded vegetable oil, followed by soybean, canola (aka rapeseed), sunflower, palm kernel, peanut, cotton, coconut, and olive. Palm oil is considered the least healthy, canola the most healthy, but olive is the most tasty.

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