top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Tech Guy Opening Calls & Comments 10/24/24

Writer: Tech GuyTech Guy

Dec Wheat - 0.25 Higher (19X14)


Dec Corn - 0.50 Lower (547X486)


Dec Soymeal - 1.30 Higher (25X28)


Nov Beans - 0.25 Lower (47x52)


December Crude Oil marked it's high 19 cents above the high of the resistance range of 72.15, then sold off about 2.50 bucks to below the first support area.

support - 69.75

69.20

resistance - 71.60

72.40


November Soybeans marked the high 1.25 cents above the 1011.00 resistance level, after rallying about 16 cents low to high, then corrected down to below last nights low and opening.

support - 994.00

984.50

resistance - 1005.00

1013.00


December Soymeal marked it's low 1.40 bucks below the 311.50 support price, after selling off about 7 bucks from the middle of the trading range.

support - 308.50 - test of low

307.00, 300.00

resistance - 317.50

320.50


December Corn marked it's high 1.00 cent beyond the 423.00 resistance point, after rallying almost 6 cents low to high.

support - 419.00

414.00

resistance - 424.50

428.50


December SRW Wheat marked it's high 1 tick below the 584.50 resistance price on the pit opening, after rallying 8 cents low to high, from early morning trade. Later, wheat sold off to test the 575.00 support level, forming another right shoulder, as suspected...then rebounded from there.

support - 578.50

573.50

resistance - 585.00

596.00


December HRW Wheat marked it's high 1.25 cents below the 591.00 resistance price, after rallying a bit over a dime from the low.

support - 585.00

581.50

resistance - 592.50

604.00


December Spring Wheat traded an inside day that ranged a dime, closing up 2.50 cents on the day.

support - 615.00

610.50

resistance - 622.00-624.50

637.25


Comments


bottom of page