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Tech Guy Opening Calls & Comments 12/13/23

March Wheat - 1 to 2 Higher


March Corn - 1 Higher


March Soymeal - 1.9 Higher


Jan Beans - Steady to 1 Higher


January Crude Oil marked it's low in between the 2 support levels of 68.50 and 67.00, at 67.71 and then rallied about 2.0 dollars. Crude made the high 32 cents above the 69.50 resistance.

support - 68.85

67.50

resistance - 70.30

72.00

74.00


January Soybeans marked it's low 2.5 cents below the 1305 support, after selling off from 1322.

support - 1294.00

1290.00-1288.00

resistance - 1318.00

1323.00

1336.00

1348.00


March Soybean Meal marked it's low 3.1 dollars below the 393.20 support after selling off about 9.00 from 402.50.

support - 392.00

390.00

resistance - 397.50-398.00

403.00

409.00


March Corn closed at the lower support level of 480.00, after selling off from 485.00.

support - 478.50

475.50

resistance - 482.50

485.50

488.00


March SR Wheat marked it's high 1.25 cents below the 630.00 resistance, then sold off 25+ cents. The close was 1 tick above the 606.50 support.

support - 604.00

594.50

resistance - 617.50

628.50

635.00


March KC Wheat marked it's high 3 cents below 662.50 resistance then sold off about 30 cents, marking the low 1 tick above the 628.50 support.

support - 630.50

622.50

resistance - 648.00

662.00

675.00


March Spring Wheat marked the high about 3 cents below resistance, then sold off about 20 cents to a few ticks below the 710.00 support level.

support - 711.50

703.00

resistance - 724.00

733.00

740.00


March S&P marked it's low about 3 points above the 4694 support, then rallied about 60 points ($50/point). The day's high print came within 1.75 points of the 4766 target.

support - 4736

4725

4700

resistance - 4765

4808

4827

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