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Tech Guy Opening Calls & Comments 2/1/24

March Wheat - 0.50 Lower


March Corn - 0.25 Lower


March Soymeal - Steady


March Beans - 0.75 Lower


March Crude Oil sold off to 30 cents below the 74.00 support on a weak day.

support - 73.40

72.60

resistance - 75.85

77.00


March Soybeans marked the low 7 cents below 1206.50 support.

support - 1202.00

1199.00

1185.00

resistance - 1215.00

1223.50

1231.00


March Soymeal sold off from 370 down to 3 ticks above the 358.50 support.

support - 360.20

358.50

resistance - 367.30

370.50

374.00


March Corn almost tested the 443.00 support - 2 ticks above.

support - 445.50

443.25

resistance - 448.50

453.50


March SRW Wheat marked it's low 1.50 cents below the 588.50 support then rallied briefly past the 600 resistance for a move of 12 cents.

support -596.25

588.50

resistance - 607.00

617.50

622.50


March HRW Wheat marked it's low at 613, in between the given support levels.

support - 617.00

611.50

resistance - 627.00

633.00

641.50


March Spring Wheat marked it's low 2 ticks below the 688.50 support level, and then rallied 12 cents.

support - 692.00

688.00

resistance - 701.50

705.00

712.00


March S&P marked it's low 4 points above support and then rallied 80 points, past resistance.

support - 4937

4925

resistance - 4962

5000

5050

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