February Crude Oil blew past the 71.50 resistance level, as it marked the 3rd up day in a row.
support - 71.45, 70.80
resistance - 72.00, 73.00
March Soybeans closed above the 1008.50 resistance price, and appears to be breaking out to the upside.
support - 1007.00, 1004.50
resistance - 1013.00-1014.00, 1022.00
March Soymeal marked it's high 3 ticks beyond the 318.00 resistance point, and found support in the 312.50 area.
support - 312.50, 310.00
resistance - 319.00, 323.00, 352.00
March Corn found support at the 452.00 price, then rallied 7.00 cents, to a high of 459.00. There is a decent chance that corn will accelerate higher from the Monday, Tuesday highs.
support - 458.00, 456.00
resistance - 461.00 - old swing high, 475.00
March SRW Wheat marked it's low 3 ticks above the 546.50 support level, then rallied about 5.50 cents low to high. Wheat appears to have successfully broken out higher from the A-B-C pattern, where 544.00 is the neckline.
support - 547.75-546.00
resistance - 555.00, 561.00, 570.00
March HRW Wheat marked it's high 3 ticks above the 554.00 support price, then rallied about 6.50 cents low to high.
support - 555.50, 551.50
resistance - 563.50, 572.00
March Spring Wheat marked it's low 1.00 cent above the 591.50 support price, then traded up 5.25 cents to the high, in what was a small range day - range contraction. Spring wheat is forming an ascending triangle pattern - these are typically bullish.
support - 593.00, 590.00
resistance - 602.00, 611.50
March S&P indicated from the Monday-Tuesday trade, that selling off to 5866 is becoming less of a possibility, as it formed a double bottom above that low in the 5918-5817 region.
support - 5917, 5866
resistance - 5995, 6038, 6110
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