Tech Guy Opening Calls & Comments 1/24/24

March Wheat - 0.50 Higher

March Corn - 1.25 Lower

March Soymeal - Steady

March Beans - 0.25 Lower

March Crude Oil marked it's low in between the 2 support levels given which were only 40 cents apart. The low was 73.94, then crude rallied past the 75.50 resistance.

support - 74.80

74.50

resistance - 75.50

76.25

79.75

March Soybeans marked it's low 2 ticks above the 1234.75 resistance level.

support - 1235.00

1226.50

resistance - 1246.00-1251.00 - congestion area

1265.00

1281.00

1298.00

March Soymeal rallied about 5 bucks and marked the high 1 tick above the 366.00 target.

support -361.00-360.30

357.80

resistance - 366.30

374.00

381.50

March Corn marked it's high 1.25 cents above the 451.50 resistance where it's consolidating.

support - 451.00

448.50

resistance - 460.00-461.50

468.00

As you will see on the March corn 1 hour chart, it broke out above 2 trend lines and held above them into the close.

March SRW Wheat marked it's low 1.50 cents above support at 595.00, then rallied 14 cents, closing near the 612 resistance.

support - 606.50

598.00

resistance/ - 615.00

targets 622.00-623.00

637.00-640.00

March KC Wheat closed above the 624.75 target indicating buying strength - bulls in charge.

support - 621.50

616.00

targets - 636.50

649.00

663.00

March Spring Wheat marked it's low 2.00 cents below support then rallied 7.50 cents.

support - 702.00

698.00

resistance - 714.00

722.00

March S&P marked it's high at 4933.75, directly in between the 2 upper targets which were 67 bucks apart.

support -4890

4874

4837

4808

resistance - 4912

4933