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Tech Guy Opening Calls & Comments 1/4/24

March Wheat - 1.50 Higher


March Corn - 0.50 Lower


March Soymeal - Steady


March Beans - 1.50 Lower


February Crude Oil Marked it's high 10 cents below the 74.10 resistance, then sold off almost 3 bucks.

support - 71.85

71.00

69.25

resistance - 73.60

74.25

76.20


March Soybeans marked the low 1 tick from the 1265.25 support.

support - 1264.50

1241.00

resistance - 1281.00

1291.00

1297.00


March Soymeal marked it's low at the stated lower support of 385.30. It has formed an inverted head & shoulders over the last 3 days which may turn into a triple lower low.

support - 373.30

370.20

resistance - 381.60

390.80

397.60


March Corn marked it's low 2 ticks below the 474.00 level and rallied as much as 4.50 cents.

support - 463.50

461.50

453.00

resistance - 469.00

475.00

481.50


March SR Wheat marked it's low 2.25 cents above lower support then rallied 31.00 cents.

support - 600.50-599.00

591.00

resistance - 621.00

632.00

636.50


March KC Wheat marked it's low 3.50 cents below the 615.00 support level.

support - 618.00

611.00

resistance - 632.00

642.00

649.00-653.00


March Spring Wheat marked the low 3.00 cents below the 716.00 support, and rallied 9 cents.

support - 707.00

702.50

resistance - 714.50

722.00

725.50


March S&P marked it's low ay 4727, directly in between the first 2 support levels.

support - 4729

4695

4652

resistance - 4767

4790-4797

4828

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