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Writer's pictureTech Guy

Tech Guy Opening Calls & Comments 12/12/23

March Wheat - 1 to 2 Lower


March Corn - Steady to 1 Lower


March Soymeal - 0.6 Higher


Jan Beans - 1 Lower


January Crude Oil marked new lows on the daily and weekly charts.

support - 68.50

67.00

resistance - 69.60

70.50

72.00


January Soybeans marked it's high 8 cents below resistance at 1352.00, then sold off to within 2 ticks of 1320 support.

support - 1320.00

1305.00

resistance - 1344.50

1352.50-1355.00

1372.00


March Soymeal marked it's high 70 cents (0.70) from the 409 resistance level then sold off about 8 bucks.

support - 401.00-400.00

394.00-393.20

resistance - 408.00

415.50

417.70


March Corn marked it's high 2 ticks above the 487.50 resistance level.

support - 483.25

480.00

resistance - 492.00

494.00


March SR Wheat marked it's low 1 tick above the 608.00 support and rallied over 20 cents, to within 1.25 cents of the 630.00 target price.

support - 624.25-623.00

618.50-617.00

606.50

resistance - 630.00

643.00

650.00


March KC Wheat marked it's low 1.25 cents below the 631.50 support, rallied 30 cents and made the high 2.50 cents above the 659.00 target.

support - 649.00

635.00

628.50

resistance - 662.50

676.00

688.00


March Spring Wheat rallied from the previous day's low to 4 cents beyond the 730.00 target - about 24 cents.

support - 718.50

710.00

resistance - 734.50

741.00

755.00


March S&P marked it's low 6.75 points below support and rallied almost 40 points from the low.

support - 4694

4660

4651

4634

resistance - 4720

4766


Opmerkingen


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