Tech Guy Opening Calls & Comments 10/26/23

Dec Wheat - Steady

Dec Corn - Steady to 1 Higher

Nov Beans - 1 Lower

December Crude Oil traded in between the given numbers of 83 and 84 after 8 AM this morning.

support - 83.00

80.00

resistance - 85.50 - 86.30

88.50

November Soybeans marked it's high 1 tick above resistance at 1297.50 at the day session opening, and made the low price 1 cent above the given support of 1276.50 in late trade. Also, the 1284 support was an intraday swing low last night.

support - 1277.00

1273.50

resistance - 1288.00

1299.00-1301.00

1307.00

December Corn marked it's low at the midpoint of the stated support levels of 476 and 479 today.

support - 478.00

474.50-475.00

Resistance - 485.50

492.00

December SRW Wheat marked it's low 1.75 cents below support of 565 in overnight trade and closed on the high, about 5 cents above the 1st support mark - bullish energy.

support - 575.00

570.00

resistance - 587.00 - light (probably an intraday pivot)

591.50

603.00

December KC Wheat marked it's low 2 ticks above the 643.50 support early in the session, and closed about 11 cents above.

support - 652.50

648.50

December Spring Wheat marked it's low 3 ticks above the 716 support level and traded as high as 731 during the day.

support - 720.00

716.50

712.00 - not as likely

resistance - 732.50

739.00

In the December S&P, the lower part of the support range at 4176, turned out to be the midpoint of the day's trading range between 4205 and 4146.25. A reminder that these numbers always matter, even if they don't represent the highs or lows for the day.

support - 4155

4125

4112

resistance - 4198

4210

4253