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Tech Guy Opening Calls & Comments 11/2/23

Dec Wheat - 3 to 4 Higher


Dec Corn - Steady


Jan Beans - Steady to 1 Lower


December Crude Oil marked it's low 28 cents below 1st support of 80.50, reversed, and rallied as high as 82.83 today, about 1 dollar below resistance.

support - 82.00-81.70

80.00

resistance - 83.50 -if it trades above, breakout

85.00

86.50


January Soybeans opened 3 cents above support of 1312, rallied all session, and closed above resistance.

support - 1324.00

1320.00

1309.50

resistance - 1332.00-1335.00

1354.50

1383.00


December Corn closed 1 cent below the 471 support level.

support - 469.50

467.00

454.00 - unlikely

resistance - 477.00

484.50


December SRW Wheat marked the low price 1.25 cents below 1st support of 558.50 and violated the 565.50 resistance, but closed below that.

support - 557.00

546.00

resistance - 570.00

579.00


December KC Wheat bottomed within the 1st support range of 638-636, and marked the high directly in the middle of the 1st 2 resistance levels. There's that 50% figure.

support - 634.00

625.00

590.00

resistance - 652.50

660.00

677.00


December Spring Wheat marked it's low at the 1st support number of 707.50, and fell shy of resistance by about 3.50 cents.

support - 707.00

703.00

resistance - 715.50

727.00

733.00-735.00


December S&P opened above support and rallied all session to mark a high in between the top 2 resistance numbers of 4318 and 4350. The close near the high was 4333.25.

support - 4320

4279

resistance - 4350

4366

4422-4441

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