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Tech Guy Opening Calls & Comments 1/31/24

March Wheat - 0.50 Higher


March Corn - Steady


March Soymeal - 0.20 Higher


March Beans - Steady to 1 Lower


March Crude Oil marked it's high 4 cents below resistance near the open last night, then sold off to between the 2 support levels - 2+ bucks.

support - 75.55

74.00

resistance - 77.50

78.25



March Soybeans marked it's low 1 tick above the 1206.50 support level, then rallied 15 cents.

support - 1217.00

1206.50

resistance - 1231.00

1248.00

1252.00


March Soymeal marked it's low at the 359.00 support level, then rallied 11 bucks.

support - 365.00

358.50

resistance - 373.50

381.00


March Corn marked it's low 3 ticks below the 444.00 support level, then rebounded 4 cents. Corn's rejection of the 444-443 area by the buyers is what we want to see after the key reversal!

support - 447.00

443.00

resistance - 453.00

461.50


March SRW Wheat marked it's low 6 cents below support.

support - 593.00

588.50

resistance - 600.00

608.50

617.50


March KC Wheat marked it's low 2.50 cents below the 629.50 support, then rallied 15 cents.

support - 619.50

606.50-605.00

601.00

resistance - 627.00

632.50

641.50


March Spring Wheat marked it's low 3 ticks below the 690.00 support level, then rallied 6 cents.

support - 691.25

688.50

resistance - 696.50

701.50

706.00


March S&P fell through support today on a big selloff of 81 points. The 4936 support became a solid resistance level to put on a short.

support - 4869

4839

resistance - 4925

4937

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