March Wheat - 0.25 Lower
March Corn - 0.25 Lower
March Soymeal - Steady
March Beans - Steady
March Crude Oil consolidated in a 1.30 dollar range, closing down about 0.42 at 74.41.
support - 75.00, 74.00
resistance - 76.50, 77.35
March Soybeans traded to a new high early, then corrected down about 20 cents high to low, marking the low 2.25 cents below the 1054.00 support level. This back and forth action appears to be an irregular flat correction where B makes a new high above the impulse wave, then C takes out the previous swing/corrective low.
support - 1051.50, 1041.50
resistance - 1073.00, 1100.00
March Soymeal traded 4.80 higher on the day, stopping about 3.50 shy of the 322.00 resistance.
support - 313.50, 307.50
resistance - 322.00-323.00, 333.00
March Corn marked it's high 2 ticks above the 482.00 support price, after selling off about a dime, in what would have been a good day trade short opportunity.
support - 482.00, 479.50
resistance - 493.00, 510.00
March SRW Wheat marked it's low 1 penny above the 551.50 support point, after selling down about 15 cents from 3 cents below resistance.
support - 551.00, 544.00
resistance - 567.00-569.00, 580.00-585.00 - many bumps on the left chart.
March HRW Wheat marked it's high 3 cents above the 583.00 resistance level, then corrected down about 14 cents high to low. The daytime selloff stopped 1 tick above the 571.00 support price.
support - 571.00-569.00, 566.50
resistance - 586.00, 602.50
March Spring Wheat marked it's low/open at the 601.00 support price, then rallied 10.50 cents low to high.
support - 602.25-601.00, 598.00
resistance - 612.50, 619.00, 635.00
March S&P continued it's rally, staying above support and ranging about 48 bucks low to high.
support - 6098, 6079
resistance - new highs
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