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Writer's pictureTech Guy

Tech Guy Opening Calls & Comments 10/3/24

Dec Wheat - 0.50 Higher


Dec Corn - 0.50 Higher


Dec Soymeal - 0.60 Higher


Nov Beans - 0.25 Lower


November Crude Oil marked it's low 12 cents above the 70.40 support level, then rallied about 3.50 bucks on the day, and closed above resistance.

support - 72.90

72.40

resistance - 74.50

76.60


November Soybeans marked the low 1 tick below the 1042.00 support price, after selling off about 14 cents from the high.

support - 1045.00

1038.50

resistance - 1065.00

1070.00


December Soymeal marked it's low 2 ticks above the 331.50 support level, after selling off almost 10 bucks from the high.

support - 331.00

325.00

resistance - 344.00

352.00


December Corn sold off 4.50 cents on the day, marking the low in between the 2 support prices, and falling back to the original uptrend line.

support - 425.50

422.50

resistance - 434.00

442.00


December SRW Wheat marked it's low 2.25 cents above the 599.00 support level, after selling off about 16 cents high to low.

support - 599.00

594.00

resistance - 617.50

634.00


December HRW Wheat marked it's low 3.50 cents below the 613.50 support price, after correcting down 8.25 cents on the day.

support - 610.00

603.50

resistance - 623.50

640.00


December Spring Wheat marked it's low 2.50 cents above the 642.50 support level, and only corrected 2.75 cents on the day.

support - 642.50

637.50 - high of the channel

resistance - 653.00

692.00


December S&P marked it's low about 7 bucks above the 5720 support level in what was a net 16.25 lower day.

support - 5726

5698

resistance - 5770

5784



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