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Writer's pictureTech Guy

Tech Guy Weekend Comments 3/23/24

May Crude Oil marked it's low 30 cents below 80.75 support, then rallied 90 cents.

support - 80.50

79.65

resistance - 81.70-81.95

83.15


May Soybeans marked it's low 3 ticks below the 1190.00 support level, after selling off about 37 cents from the high.

support - 1189.00

1180.00

resistance - 1209.00

1227.50


May Soymeal marked it's low 70 cents below the 338.00 support level, after selling off about 7 bucks.

support - 337.00

334.00

resistance - 344.00

348.00


May Corn marked it's low 2 cents below 438.00 support, but this was still a higher low from yesterday.

support - 438.00

436.00

resistance - 443.50

446.00


May SRW Wheat marked it's low on the stated support level of 539.50, then rallied about 20 cents.

support - 550.00

539.00

resistance - 569.50

582.00


May HRW Wheat marked it's low 2.50 cents below the 575.00 support level, then rallied about 20 cents.

support - 588.00

581.50

resistance - 605.50

613.00


May Spring Wheat marked the low 1 cent above the 650.00 support, then rallied 12 cents.

support - 656.00

650.00

resistance- 667.00 - breakout point

675.00


June S&P slipped 11 points below the top support number.

support - 5288

5267

resistance - 5308

5317



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