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Tech Guy Opening Calls & Comments 11/15/23

Dec Wheat - 4 to 5 Higher


Dec Corn - Steady


Jan Beans - Steady to 1 Lower


December Crude Oil took out support and it closed 85 cents below.

support - 76.20

74.80

resistance - 77.60-77.80

78.50

79.80-80.10


January Soybeans marked it's low 5.25 cents below support and closed 3 ticks above it. Before that, beans made the high 1.50 cents below resistance of 1400.00, then sold down about 18 cents.

support - 1377.50

1371.00-1369.00

1349.00

resistance - 1390.00-1391.00 - intraday

1400.00

targets - 1410, 1420, 1421


December Corn took out support and closed .50 cents below it. Beforehand, corn was rejected again at the 480 resistance, and sold off for 12 cents. We had a deeper selloff than expected today, but this fact doesn't negate the power of the key reversal. A test of the 461 low is not likely.

support - 469.00

465.00

resistance - 477.00 - light

481.00

486.00

489.00


December SRW Wheat marked it's high 3 ticks from the 580 first resistance level and sold off for about 22 cents.

support - 559.50

556.00-555.00

547.00

resistance - 567.25

575.00

585.00


December KC Wheat marked the high in between the 2 resistance levels of 645 and 652, then sold off to 2.25 cents below the 636.50 support.

support - 636.25

629.50

resistance - 648.00

652.50

661.00


December Spring Wheat marked it's high 2.50 cents below resistance of 741.00, then made the low 1 cent below 732 support.

support - 734.50

732.50

730.50

resistance - 739.00-741.00

747.00

755.25

777.00


December S&P traded in a very small range day today, remaining in between support and resistance. Tomorrow is likely a range expansion day. ebb & flow.

support - 4498-4492

4430-4420

resistance - 4551

4598

4634


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