Downside supports show up at the troughs and gaps formed on this rally. Kansas City May at the gap from 3.09 to the trough of 3.0725.Targets become old breakout points and then recent swing highs. Chicago May has resistance at 2.74-2.76, the old contract low from last summer and the December swing low, with the next significant resistance at 2.84. Kansas City resistance on the May contract shows up at Friday's high of 3.17, then 3.20, with tougher resistance at 330. This publication is strictly the opinion of its writer and is intended solely for informative purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named.
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