March Wheat - Steady to 0.25 Higher
March Corn - Steady to 1.50 Lower
Jan Meal - 0.30 Lower
Jan Beans - 0.50 to 1.75 Lower
January Crude Oil marked it's low 9 ticks from the 69.05 support level, after selling off about a buck and a half from the resistance area, then abruptly turned and rallied nearly back to the high. Seems like the bulls are still in control.
support - 69.05, 68.70
resistance - 71.25-71.50
January Soybeans marked the low 1.50 cents below the 990.00 support price, while continuing to trade sideways. The range today was about a dime.
support - 988.50, 986.00
resistance - 1001.50, 1013.00
January Soymeal marked it's low 90 cents below the 288.50 support level, after selling off about 4.50 bucks from the high.
support - 288.50, 287.60
resistance - 294.00, 299.00
December Corn continued it's first correction since the rally began, and marked 1 more down leg on the hourly and thus completing an A-B-C pattern. Therefore, the pullback should be complete.
support - 443.00, 440.75
resistance - 451.50-455.00
March SRW Wheat marked it's low 1.75 cents below the 558.00 support bracket, after selling off almost a dime from the morning high.
support - 557.00, 553.50
resistance - 569.00, 579.00
March HRW Wheat marked it's low 1 tick below the 560.50 support point, after selling off about 9.50 cents high to low.
support - 560.00, 554.00
resistance - 571.50, 580.00
March Spring Wheat marked it's low 2 cents from the 599.00 support price, after selling only about 8.00 cents from the high.
support - 601.00-599.00, 594.50
resistance - 613.00, 618.00
December S&P sold off about 55 bucks from yesterday's high, stopping short of the 6040 support level by about 15 bucks. We probably have some selling left to do tonight before the rally commences.
support - 6032, 6018
resistance - 6097, above 6111
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