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Writer's pictureTech Guy

Tech Guy Weekend Comments 12/9/23

January Crude Oil traded 73 cents above the 70.90 resistance level which was 1.50 up from the lows.

support - 70.40

69.65

resistance - 72.70

74.20


January Soybeans marked it's high 1 tick from the 1331 resistance level then sold off 31 cents, close to the third support level.

support - 1302.50

1291.00

resistance - 1317.00

1332.00

1352.00


March Soybean meal marked it's high 4 ticks above the 404.00 resistance, then sold off about 10 dollars.

support - 395.50

393.00

resistance - 403.70

416.10


March Corn marked the low 2 ticks below the 484.50 support level.

support - 484.50-484.00

481.50

resistance - 494.00

498.00


March SR Wheat traded in a small sideways range after 8 straight up days in a row.

support - 630.75

620.50

616.50

resistance - 647.50

663.00


March KC Wheat also traded in a small range today.

support - 660.00

643.50

resistance - 677.50

688.00

709.00


March Spring Wheat marked it's high 2 ticks below the 740.50 resistance and sold off 12 cents.

support - 724.00

718.00

resistance - 740.00

748.00

754.50


March S&P marked it's low 9.25 points below support, then rallied 40 points.

support - 4580

4543

resistance - 4627

4635

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