Tech Guy Opening Calls & Comments 11/27/23
- Tech Guy
- Nov 27, 2023
- 1 min read
Mar Wheat - 1 to 2 Higher
Mar Corn - Steady
Jan Beans - Steady to 1 Higher
January Crude Oil marked it's low 26 cents above support of 73.80 and made the high 37 cents below resistance of 76.60.
support - 74.82
74.10
73.20
resistance - 76.50
78.45
January Soybeans marked it's low 2.50 cents above the 1321 support level.
support - 1325.00
1315.50
resistance - 1359.00
1373.00
1390.00
Corn and the Wheats roll to March. Corn and wheat marked their low well below support on huge intraday volume, indicating that the whales were buying while the last of the small spec longs were stopped out. Today's lows (or within 2-4 cents) should be significant, and rallies should be able to spring from today.
March Corn
support - 474.50
472.00
resistance - 482.50-484.00
489.50
March SR Wheat
support - 559.00
553.00
resistance - 582.00-583.00
591.00
March KC Wheat
support - 595.00
589.00
resistance - 612.00
622.00
March Spring Wheat
support - 698.00
695.50
resistance - 717.00
723.00
740.00
December S&P marked it's low 3 points below middle support of 4555, and remained 30 points below resistance.
support - 4556
4535
resistance - 4581
4635
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