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Tech Guy Opening Calls & Comments 12/6/23

March Wheat - Steady


March Corn - Steady to 1 Higher


March Soymeal - 2.0 Higher


Jan Beans - Steady to 1 Lower


January Crude Oil took out support levels and closed down over 3 bucks.

support - 67.00

63.50

resistance - 72.50

74.25

75.25


January Soybeans closed down, at 2.50 cents below the 1299 support.

support - 1293.00

1283.00

resistance - 1312.00

1316.00

1330.50


March Soybean Meal has been in a correction for about 3 weeks now.

support - 396.40

393.20

373.00

resistance - 415.50

419.20-422.50

433.50


March Corn closed down today.

support - 482.50

478.50

resistance - 494.00

498.50

508.00-510.00


March SR Wheat marked it's high a nickel above the 644.50 target.

support - 627.50

617.00

605.00

resistance - 650.00

664.00

685.00


March KC Wheat marked it's low about 3.50 cents above support, then rallied about 20 cents.

support - 653.00

644.00

631.00

resistance - 677.50

688.00

693.00

722.00


March Spring Wheat marked it's high 2.50 cents above the 745.00 resistance, then sold off about 18 cents to within 1 cent of the middle support number of 729.50.

support - 728.00

722.00

717.50

resistance - 741.00

748.00

754.00


December S&P marked it's high about 9 points above the 4589 resistance and then traded down past the 4561 support by 9 points - a run of 28 points.

support - 4555

4517

resistance - 4577

4608

4634



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