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Tech Guy Weekend Comments 11/16/24

Writer's picture: Tech GuyTech Guy

December Crude Oil marked it's low 32 cents above the 66.50 support level, after selling off about 2.70 from high to low. Look for support for Monday's session between 66.80-66.50.

resistance - 67.70, 68.70


January Soybeans marked the low 2.00 cents above the 986.00 support price, then rallied about 17 cents low to high.

support - 991.50, 982.00

resistance - 1015.00


December Soymeal marked it's low 1.70 bucks below the 287.00 support level, then rallied about 4.50 bucks from low to high.

support - 287.50, 285.00

resistance - 292.50, 297.00


December Corn marked it's low at 417.00 on Friday, and closed near the high of 425.00.

support - 420.00, 417.00

resistance - 428.00-430.00


December SRW Wheat marked it's low 1.50 above the 529.00 support price, then rallied 6.75 cents on the trading session.

support - 534.00, 530.00

resistance - 542.50-544.50, 551.50


December HRW Wheat marked it's low 3 ticks above the 531.50 support level, then rallied about 12 cents low to high and closed up 7.75 for the day.

support - 537.00, 532.00

resistance - 548.50, 561.00


December Spring Wheat marked it's high at the 578.00 resistance point, after rallying 10.75 cents from low to high.

support - 567.50, 563.00

resistance - 578.50, 595.00


December S&P took out all support levels and, is therefore embarking on a larger correction in both time and price.

support - 5875, 5830

resistance - 5961, 5980

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