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Tech guy Opening Calls & Comments 2/13/24

March Wheat - 0.50 Higher


March Corn - 0.25 Higher


March Soymeal - 0.10 Lower


March Beans - 1.0 Lower


March Crude Oil continues it march upwards and rallied to within 18 cents of the 78.65 target.

support - 77.00

75.85

resistance - 78.80

79.25

81.50


March Soybeans marked it's low 2 cents above lower support after selling off 14 cents.

support - 1184.75

1180.00

resistance - 1198.00

1205.00

1223.00


March Soymeal marked it's low 1.50 points below 345.50 support after selling off about 6 bucks.

support - 343.00

341.00

resistance - 357.00

363.00


March Corn marked it's low exactly in between the 430.00 and 427.50 support levels and then rallied 5.50 cents.

support - 430.00

427.00

resistance - 436.00

439.00

445.50


March SRW Wheat marked it's low 1.50 cents below 2nd support, then rallied to 603.50, which is 2 ticks above resistance. At the high, wheat sold off 7 cents - 17 cents potential.

support - 595.75

592.00

resistance - 604.00-606.50

611.50

618.00


March HRW Wheat marked it's low in between the 2 support levels that were 10 cents apart, and closed at the upper support price.

support - 594.00

591.00

586.50

resistance - 606.00

611.75

620.00


March Spring Wheat sold off hard to new weekly levels, violating all support numbers. There is a low at 668.00 from May of 2021. This support mark is about 2.50 cents below today's low.

support - 671.25

668.00-666.00

resistance - 680.00-681.00

697.00-698.50


March S&P support at 5025 was violated just before the pit open today. This level became resistance on the 8:30 open. Prices slid down to 4935 (90 points), indicating a larger time frame correction has begun - larger as in days to weeks, not months.

support - 4960-4955

4925

4842 - extreme

resistance - 4990

5005

5029

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