Tech Guy Opening Calls & Comments 11/28/23

Mar Wheat - 2 to 3 Higher

Mar Corn - Steady to 1 Lower

Jan Beans - 1 Lower

January Crude Oil marked it's low 18 cents below the 74.82 support level, and closed about a dime below resistance at 76.50 for a +1.58 net move higher.

support - 75.90

74.10

resistance - 78.45

79.85

January Soybeans marked it's low 4.50 cents above support, and rallied 17 cents.

support - 1344.00

1339.00

resistance - 1356.00

1361.50

1375.50

1390.00

March Corn marked it's low 1 penny below the 472 support level on heavy volume again. 45,000 contracts traded between 473.25 and 474.50 - that's a bunch.

support - 473.00

470.50 - however, I don't expect any lower lows.

resistance - 477.00

482.50-484.00

491.00

March SR Wheat marked it's low 1.75 cents below the 559.00 support price, and rallied 12.25 cents.

support - 567.25

556.00

resistance - 579.50

588.50

592.50

597.00

March KC Wheat marked it's low at the 595.00 support price, then rallied 23 cents.

support - 612.50

607.00

targets - 624.00

630.50

639.50-642.00

March Spring Wheat gapped up on last night's open and rallied to within 1 cent of the 717.00 resistance, for a net move of about 14 cents.

support - 710.00

706.50

resistance - 718.50

740.00

December S&P marked it's low 9 points below the 4556 support, and made the high 3.75 points below the 4581 number.

support - 4560

4546

resistance - 4577

4635