top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Tech Guy Opening Calls & Comments 2/18/25

Writer: Tech GuyTech Guy

March Wheat - 1.25 Higher


March Corn - Steady to 1 Lower


March Soymeal - Steady


March Beans - 0.25 to 1.00 Lower


March Crude Oil marked it's high 7 cents above the 2nd resistance level of 72.00, then sold off about 1.15 bucks high to low.

support - 70.85, 70.00

resistance - 72.10, 72.70


March Soybeans marked the low 2.00 cents above the 1024.00 support price, then rallied about 16 cents low to high.

support - 1034.25, 1026.00

resistance - 1047.00, 1057.00


March Soymeal marked it's low 1.30 below the 294.50 support level, then rallied almost 5 bucks only to give most of it back into the close.

support - 293.50, 291.00

resistance - 298.00, 301.00


March Corn broke through the 5 dollar technical and psychological resistance level on it's way to closing up 5.75 cents at 502.00 for the day.

support - 500.00, 496.75

resistance - 511.00, 528.00


March SRW Wheat marked it's low 1.00 cent above the 592.25 support price, then rallied about 16 cents low to high, while also closing higher for the 2nd consecutive day.

support - 602.00, 595.50

resistance - 618.50, 633.00


March HRW Wheat marked it's low 1 tick below the 614.50 support point, then rallied 16.00 cents low to high.

support - 624.00, 615.50

resistance - 640.00, 660.00


March Spring Wheat marked it's low 1.25 cents below the 628.50 lower bracket support level, then rallied 15.75 cents low to high, and closed above the 640.00 resistance point.

support - 640.00, 634.50

resistance - 644.00, 656.00


March S&P marked it's low about 2 bucks below the 6120 support price, after selling off about 39 bucks from the high. When the low was printed just after midday it rallied about 32 bucks back up, and closed about 20 bucks below the recent all time high.

support - 6135, 6118

resistance - 6161-6164



Comments


bottom of page