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Tech Guy Opening Calls & Comments 12/18/23

March Wheat - Steady to 1 Higher


March Corn - 0.25 Higher


March Soymeal - 0.70 Higher


Jan Beans - Steady


February Crude Oil Rallied from 71.00 to 14 cents shy of the 74.75 resistance - $3.75 X $1000.

support - 72.10

70.50

resistance - 74.75

76.85


January Soybeans marked it's low 3 cents above the 1304 support, then rallied to 4 cents above the 1323 resistance for a rally of 16 cents.

support - 1320

1309.50

1290

resistance - 1345.00

1353.00

1373.50


March Soybean Meal rallied about 8 bucks to 2.50 above 399 resistance.

support - 399.00

394.00

resistance - 403.50

408.50


March Corn closed 3 ticks below the 478.00 support after selling off 5 to 6 cents.

support - 475.50

470.50

resistance - 482.50-484.00

488.50

492.00


March SR Wheat marked it's low after selling off 11 cents.

support - 614.50

610.00

resistance - 627.00

631.50

643.50


March KC Wheat broke down below support by 8 cents.

support - 623.50

620.00

resistance - 640.00

644.50

651.00


March Spring Wheat marked it's low at the 719.00 support level and made the high at 728.00

support - 719.00

713.50

resistance - 728.50

732.50

741.00


March S&P marked it's high 6 points below the 4808 target and closed 1 point below the 4790 target.

support - 4785

4770

resistance - 4802

4808


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